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Stocks Mostly Lower as Year Ends on High Note

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STOCK MARKET,ECONOMY,NASDAQ

Wall Street finished 2024 with a mixed performance as the market wrapped up another record-breaking year. The S&P 500 dipped 0.4%, while the Dow Jones industrial average edged down 0.1% and the Nasdaq composite shed 0.9%. Despite the minor losses, the S&P 500 saw its second consecutive year of gains exceeding 20%, boosted by strong economic indicators, a robust jobs market, and soaring AI-related stocks.

Stock indexes closed mostly lower Tuesday as the market delivered a downbeat finish on the final day of another milestone-shattering year on Wall Street. The Standard & Poor's 500 gave up an early gain to finish down 0.4%. The benchmark index, which set 57 record highs in 2024, racked up a 23.3% gain for the year. This was its second straight year with a gain of more than 20%. The last time the index had as big a back-to-back annual gain was 1998.

This year’s market rally went beyond stocks. Bitcoin, which was below $17,000 just two years ago, climbed above $100,000 for the first time. And gold also shattered records on its way to a 27.4% gain for the year. Only about 38% of the stocks in the S&P 500 fell Tuesday, but a slide in technology stocks outweighed gains elsewhere in the market. Semiconductor giant Nvidia, whose enormous valuation gives it an outsize influence on indexes, fell 2.3%. Apple dropped 0.

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