Stocks End Year with Losses Despite Energy Sector Gains

Traders work on the floor of the New York Stock Exchange on the last day of trading for the year on Dec. 31, 2024 in New York City.This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribebut still ended the week lower. The S&P 500 Energy sector bucked the trend, and is up more than 3% for the week.

Europe'sfrom a nearly new Boeing 737 Max 9 operated by Alaska Airlines. New CEO Kelly Ortberg, who began in the top job in August, is tasked with ensuring Boeing can ramp up production and maintain quality. Here'sSales of foreign phone brands in China came in at 3.04 million units in November, according to CNBC calculations based on data from the China Academy of Information and Communications Technology. That represents a 47.4% plunge from November 2023, suggesting brands like. Over half of the expected AI infrastructure spending will take place in the U.S., Microsoft Vice Chair and President Brad Smith wrote. Microsoft's 2025 fiscal year ends in June.this week are minutes for the U.S. Federal Reserve's December meeting, out Wednesday, and December's jobs report, out Friday. While neither is likely to change the Fed's interest rate decision at its January meeting, they could provide more clarity on the central bank's moves in 2025.advanced 1.77%. Still, losses from previous trading sessions — prior to Friday, the S&P and Nasdaq were on a five-day losing streak — were too heavy to bear. For the week, the S&P 500 declined 0.48%, the Dow lost 0.60% and the Nasdaq backtracked 0.51%. This means the so-called Santa Claus Rally, a phenomenon in which stocks climb during the last five trading days of the year and the first two of the next, didn't descend on markets this yea

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