Monday’s decreased stock prices in one of the final trading sessions of 2024 could put a sour cap on an otherwise stellar year for investors.
511 points, or 1.2%, were taken off the Dow Jones Industrial Average. Both the Nasdaq Composite and the S&P 500 saw 1.2% and 1.4% declines.
Since the week was shortened, trade was anticipated to be light, and there was no obvious news catalyst for Monday’s fall.
With the S&P 500 and Dow up over 25% and 14%, respectively, the major averages are closing the year just short of record highs and on course for their best year since 2021. Over 31% has been added to the Nasdaq in 2024.
Source (CNBC)
