US Stock Markets Today: S&P 500, Nasdaq Down 1% As Wall Street Eyes Tepid Close To 2024
The 30-stock Dow Jones Industrial Average was slipped by 0.77% to 42,992.21 at the opening bell.
The Wall Street opened on a negative note on Monday, with the broader index, S&P 500, dipping by 1.23% to 5,897.10 points and the tech-heavy Nasdaq Composite falling 1.44% to 19,438.76 points.
The 30-stock Dow Jones Industrial Average slipped by 0.77% to 42,992.21 at the opening bell.
Stocks like Boeing Co. were down 4.66%, Apple Inc. fell 1.77%, and Nike Inc. Cl B dipped 1.75%. Among the companies that fell in early trade were NVIDIA Corp., JPMorgan Chase & Co., and Johnson & Johnson.
Among the 11 S&P 500 sectoral indices, all were trading lower against the previous day's close. The loss was led by real estate, utilities, energy, healthcare, and consumer staples among the drags.
“There’s a little bit of trepidation heading into year-end, owing in part to uncertainty over how the international trade picture may take shape in 2025,” said Tim Waterer, chief market analyst at Kohle Capital Markets Pty to Bloomberg.
“Some traders are taking risk off the table heading into year-end,” he said.
As the US market opened, spot gold was lower 0.37% at $2,611.83, and Brent crude oil was trading 0.47% higher at $74.52.
The Bloomberg Dollar Index was changed slightly, with the British pound dipping 0.2% to $1.2557 while the Japanese yen rose 0.3% to 157.44 per dollar.
Bitcoin, the largest traded cryptocurrency, fell 0.4% to $92,789.06.
