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Stocks Close Lower as Tech Stocks Drag Down Market

Stocks Close Lower as Tech Stocks Drag Down Market

Wall 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%.
2024/12/28 8:50:00