US Stock Markets Today: S&P 500, Dow Jones Dip On Last Trading Day Of Christmas Week
Tesla, Meta, Netflix and Amazon were among the major tech shares that declined in early trade.
All the three main US stock market indices opened in the red on Friday, as Wall Street opened for the last day of shortened Christmas week trading.
The tech-heavy Nasdaq Composite declined 0.91% to trade at 19,837.86 and the broader index, S&P 500, fell as much as 0.65% to 5,998.30.
The 30-stock Dow Jones Industrial Average dropped 0.48% to 43,117.91.
Seven of the eleven sectoral indices declined, led by materials, healthcare, real estate, and utilities. Consumer discretionary, communication services, information technology and financials saw notable advances.
Among major companies, shares of Lamb Weston Holdings Inc., Moderna Inc., Ford Motor Co., FedEx Corp., Pfizer Inc., Starbucks Corp., witnessed gains in early trade. On the other hand, Broadcom Inc., Tesla Inc., Nvidia Corp., Meta Platforms Inc., Netflix Inc., Alphabet Inc., Amazon Inc., and Microsoft Corp. saw declines.
Among other asset classes, the yield on 10-year US Treasury bonds advanced one basis point to 4.59%.
The dollar index was little changed. The euro moved marginally to $1.0431 and British pound rose 0.3% to $1.2559. The Japanese yen rose 0.1% to 157.77 per dollar.
In the commodities market, spot gold declined 0.66% to $2,616.12 an ounce. Brent crude, the global oil benchmark, advanced 1.08%. It was trading at $74.05 per barrel.
Bitcoin, the world's largest traded cryptocurrency, rose 0.6% to $96,246.31. Its rally is fizzling in the final days of a record-breaking year, as it declined significantly from the record high of over $108,000.
