Stocks End 2024 on Sour Note, Despite Early Gains

Dow Jones Industrial Average futures rose by 9 points, or 0.02%. S&P 500 futures and Nasdaq 100 futures gained 0.06% and 0.08%, respectively, with investors taking profits in some notable 2024 gainers such as Apple and Tesla. The Dow ended the day lower by more than 150 points, or about 0.4%. The S&P 500 and the Nasdaq Composite slid about 0.2%, each.

All three benchmarks were higher earlier in the day, with the Dow having gained more than 300 points at one point, but fell back as the session progressed. Those moves come after stocks ended 2024 on a sour note, with the S&P 500 closing out the year with four consecutive days of losses, a first going back to 1966. The broad market index notched a stupendous 23% gain for the year, but fell 2.5% in December. The 'Santa Claus' rally, in which stocks gain in the final five trading days of one year and the first two of the next, also failed to materialize. 'The setup for some of this weakness was probably very sentiment driven. We had really gotten to a lot of frothy conditions in the aftermath of the election, that post-election rally period, especially when we went back into that concentration problem,' Liz Ann Sonders, chief investment strategist at Charles Schwab, told CNBC's 'Closing Bell' on Thursday. 'I don't think there was really any kind of prime catalyst,' she added. 'I think it was a little bit more of an exhaustion from a sentiment standpoint.' The economic calendar is thin on catalysts this week, but traders on Friday will watch for the latest reading of the

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Stocks End Year on Sour Note, Fall in Early 2024 TradingMajor US stock indexes ended 2024 on a down note with the S&P 500 experiencing its worst four-day losing streak since 1966. This trend continued into early 2024 trading, with all three major indices experiencing losses. Analysts point to investor sentiment fatigue and a lack of strong catalysts as contributing factors.
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Stocks End 2024 on Sour Note, Rally Fails to MaterializeStocks ended 2024 on a losing streak, with all three major indexes declining. The 'Santa Claus' rally, a traditional year-end market boost, also failed to materialize. Analysts attribute the weakness to overheated sentiment following the election and a lack of significant catalysts.
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Stocks End 2024 on Sour Note, Set to Drop This WeekThe Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all ended 2024 with losses, marking a reversal from the post-election rally. Sentiment and profit-taking are cited as key factors contributing to the decline.
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Stocks Close Out 2024 on Sour Note, Begin 2025 with WeaknessAfter a strong 2024, stocks started 2025 with a decline, experiencing losses across all major indices. The S&P 500 ended the year with four consecutive days of losses, a first since 1966. While the year saw a 23% gain for the broad market index, December saw a 2.5% drop.
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Asia-Pacific Stocks End 2024 on a High Note, But South Korea Lags BehindMost Asia-Pacific markets closed the year in positive territory, fueled by easing monetary policy and a surge in tech stocks. South Korea, however, was the only major market to decline, hampered by economic uncertainties and political instability.
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