Today usa stock market
On Friday, December 27, 2024, U.S. stock markets closed lower, concluding a holiday-shortened week on a down note.
The Dow Jones Industrial Average declined by 0.8%, losing 333 points to close at 42,992.21. The Nasdaq Composite dropped 1.5% to 19,722.03, and the S&P 500 fell 1.1% to 5,970.84.
These declines were largely driven by losses in major technology stocks, including Nvidia, Tesla, and Microsoft. Tesla's stock fell 5% ahead of an anticipated delivery report, while Nvidia's stock decreased by 2.1%.
Despite Friday's downturn, the S&P 500 achieved a modest gain for the week and is on track for its second consecutive annual gain of over 20%, a first since 1997-1998.
Looking ahead, investors are preparing for potential market volatility as the year-end period is historically unpredictable. Upcoming economic data releases, including reports on home sales, construction spending, and manufacturing activity, are anticipated to provide further insights into the market's direction.
*Please note that stock market investments involve risks, and past performance does not guarantee future results. It's advisable to consult with a financial advisor for personalized investment guidance.*
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