New Straits Times on Nostr: Wall St finishes down after sell-off at end of strong holiday-shortened week ...
Wall St finishes down after sell-off at end of strong holiday-shortened week
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On December 29, 2024, Wall Street closed lower with the Dow Jones Industrial Average falling 333.59 points (0.77%) to 42,992.21, ending a five-session winning streak. The S&P 500 dropped 66.75 points (1.11%) to 5,970.84, and the Nasdaq Composite fell 298.33 points (1.49%) to 19,722.03. The sell-off was attributed to profit-taking after a strong bull market and rising U.S. Treasury yields, with the 10-year note reaching 4.63%. All 11 major S&P sectors declined, particularly consumer discretionary, information technology, and communication services, which fell between 1.1% and 1.9%. Despite the drop, the S&P 500 gained 0.7% for the week, the Dow 0.36%, and the Nasdaq 0.75%. Notable stock movements included Tesla down 5.0% and Amedisys up 4.7% due to a merger extension.
#WallStreet #DowJones #S&p500 #Nasdaq #StockMarket #Profittaking #TreasuryYields #EconomicData #2024
https://www.nst.com.my/business/economy/2024/12/1153971/wall-st-finishes-down-after-sell-end-strong-holiday-shortened-week
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On December 29, 2024, Wall Street closed lower with the Dow Jones Industrial Average falling 333.59 points (0.77%) to 42,992.21, ending a five-session winning streak. The S&P 500 dropped 66.75 points (1.11%) to 5,970.84, and the Nasdaq Composite fell 298.33 points (1.49%) to 19,722.03. The sell-off was attributed to profit-taking after a strong bull market and rising U.S. Treasury yields, with the 10-year note reaching 4.63%. All 11 major S&P sectors declined, particularly consumer discretionary, information technology, and communication services, which fell between 1.1% and 1.9%. Despite the drop, the S&P 500 gained 0.7% for the week, the Dow 0.36%, and the Nasdaq 0.75%. Notable stock movements included Tesla down 5.0% and Amedisys up 4.7% due to a merger extension.
#WallStreet #DowJones #S&p500 #Nasdaq #StockMarket #Profittaking #TreasuryYields #EconomicData #2024
https://www.nst.com.my/business/economy/2024/12/1153971/wall-st-finishes-down-after-sell-end-strong-holiday-shortened-week