Stock market today: Wall Street slips in final days of a banner year for US stocks
Stocks fell on Wall Street as a strong year for the market looks set to end on a sour note
By DAMIAN J. TROISE and ALEX VEIGA
Published - Dec 30, 2024, 04:55 PM ET
Last Updated - Dec 30, 2024, 04:55 PM EST
U.S. stocks closed broadly lower Monday as a banner year on Wall Street looked set to finish on a sour note.
The S&P 500 fell 1.1%, its third straight decline. Roughly 90% of stocks within the index lost ground. On the second-to-last day of 2024, the benchmark index was still on track for its second straight yearly gain of more than 20%.
The Dow Jones Industrial Average fell 1%, and the Nasdaq composite ended 1.2% lower.
Big Tech companies were the heaviest weights on the market, worsening the slump. Apple and Microsoft fell 1.3%. Their pricey valuations tend to have an outsized impact on the broader market.
