U.S. stocks opened lower on Monday as a strong year for the market appeared poised to end on a disappointing note. The S&P 500 fell 1.3% in early trading, while the Dow Jones Industrial Average dropped 534 points, or 1.2%, and the Nasdaq composite declined 1.5%. Declines in Big Tech companies like Apple and Microsoft contributed to the market's downturn.
Boeing shares also fell after one of its jets skidded off a runway in South Korea, resulting in the deaths of 179 out of 181 passengers on board. Despite the losses, the S&P 500 is still on track for its second consecutive yearly gain of over 20%
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Stocks Close Lower as Tech Stocks Drag Down MarketWall Street ended a shortened holiday week on a down note, with stocks closing lower. The S&P 500 fell 1.1%, the Dow Jones Industrial Average lost 0.8%, and the Nasdaq composite dropped 1.5%. Technology stocks, led by declines in Nvidia, Tesla and Microsoft, weighed heavily on the market. Despite Friday's loss, the S&P 500 still managed a modest gain for the week and is on track for its second consecutive annual gain of over 20%.
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US Stocks Fall as Tech Rally Stumbles Before Year-EndEquity futures declined as the 2024 tech rally weakens. S&P 500 and Nasdaq 100 contracts fell about 1%, indicating further market weakness. European and Asian stocks also retreated, with thin trading volumes attributed to the holiday season.
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Stock market today: Stocks edge lower after a holiday pause for US marketsStocks edged lower on Wall Street Thursday morning as U.S. markets reopened for trading after the Christmas holiday. The S&P 500 fell 0.2%. The benchmark index is coming off a three-day winning streak.
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Stock market today: Stocks drift higher as US markets reopen after a holiday pauseStocks drifted higher on Wall Street in midday trading Thursday, as gains in tech companies and retailers helped boost the market. The S&P 500 rose less than 0.1%. The benchmark index is coming off a three-day winning streak.
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Stock market today: Tech stocks and AI pull Wall Street to more recordsNEW YORK (AP) — U.S. stock indexes reached more records after tech companies talked up how much artificial intelligence is boosting their results. The S&P 500 climbed 0.
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S&P 500, Nasdaq marginally lower as chip stocks fall; focus on inflation dataThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
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