INSUBCONTINENT EXCLUSIVE:
Wall Street closed the final trading session of 2024 in negative territory
Investors took profits before the turn of the year, especially in technology stocks
The S-P 500 declined 0.43% to 5,881.63 points
The Nasdaq dropped 0.90% to 19,310.79 points
market recorded impressive gains for the year
The Dow Jones rose 12.88%, while the S-P 500 climbed 23.31%
The Nasdaq led with a 28.64% increase
These gains stemmed from expectations surrounding artificial intelligence and Federal Reserve interest rate cuts.Wall Street Ends 2024 with
Losses but Achieves Significant Annual Gains
(Photo Internet reproduction)The technology sector faced the most significant losses on the last trading day
Tesla fell 3.26%, affected by a recall of 700,000 vehicles
Nvidia dropped 2.33%, and Alphabet declined 1.02%
deregulation and tax cuts boosted market optimism
This led to a significant rise in Treasury yields, limiting stock market gains.The 10-year Treasury Note yield closed at 4.576%, up from
4.543% in the previous close and 3.94% a year ago
The DXY index, measuring the dollar against a basket of currencies, rose 0.30% to 108.46 points
Over the year, the DXY advanced 7%.Investors now look to 2025 with cautious optimism
They weigh the potential for continued economic growth against geopolitical uncertainties and monetary policy shifts
Achieves Significant Annual Gains
