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Home»Finance»Dow, S&P 500, Nasdaq slide as Treasury yields hover near 7-month highs
Finance

Dow, S&P 500, Nasdaq slide as Treasury yields hover near 7-month highs

December 27, 2024No Comments3 Mins Read
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Dow, S&P 500, Nasdaq slide as Treasury yields hover near 7-month highs
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US shares opened on a downbeat observe as Wall Avenue slogged to the end of a largely triumphant 12 months.

The S&P 500 (^GSPC) misplaced about 0.8%, whereas the tech-heavy Nasdaq Composite (^IXIC) shed 1.3% Friday morning. The Dow Jones Industrial Common (^DJI) misplaced 0.3%. In the meantime, the 10-year Treasury yield (^TNX) hovered close to seven-month highs round 4.6%.

Wall Avenue has simply three buying and selling days remaining in a 2024 full of massive positive factors and is hoping to renew a “Santa Claus” rally into the tip of the 12 months. The benchmark S&P 500 (^GSPC) is up greater than 26% on the 12 months, whereas the Nasdaq Composite (^IXIC) is up over 30%. The blue-chip Dow (^DJI) has risen a extra modest 14%.

Markets have largely digested the 12 months’s remaining key financial knowledge factors, and buyers at the moment are turning their consideration to 2 huge themes for the approaching 12 months: the Federal Reserve’s path for rates of interest and the implications of Donald Trump’s ascent again to the White Home.

On the previous, shares have largely taken in stride the Fed’s plans to reduce fee cuts subsequent 12 months after an preliminary plunge final week. Bets have now shifted squarely to Might as the following assembly at which the Fed will slash rates of interest, because it continues to grapple with cussed inflation whereas protecting an in depth eye on a cooling labor market.

And on the latter, Yahoo Finance’s Ben Werschkul writes that whereas Trump talked up his huge plans throughout the marketing campaign, particularly on the financial system, these plans may quickly face a actuality examine from different key energy gamers.

LIVE 3 updates

  • Hamza Shaban

    Shares stoop however head for successful week

    US shares opened on a downbeat observe as Wall Avenue slogged to the end of a largely triumphant 12 months.

    The S&P 500 (^GSPC) misplaced about 0.8%, whereas the tech-heavy Nasdaq Composite (^IXIC) shed 1.3% Friday morning. The Dow Jones Industrial Common (^DJI) misplaced 0.3%. In the meantime, the 10-year Treasury yield (^TNX) hovered close to seven-month highs round 4.6%.

    Wall Avenue has simply three buying and selling days remaining in a 2024 full of massive positive factors and is hoping to renew a “Santa Claus” rally into the tip of the 12 months. The benchmark S&P 500 (^GSPC) is up greater than 26% on the 12 months, whereas the Nasdaq Composite (^IXIC) is up over 30%. The blue-chip Dow (^DJI) has risen a extra modest 14%.

  • Laura Bratton

    Airline shares see finest efficiency since 2014

    Airline shares soared in 2024. The S&P Supercomposite Airways Index has climbed 60% for the 12 months — its greatest yearly achieve in a decade, Bloomberg experiences.

    In the meantime, the S&P 500 (^GSPC) has risen roughly 27% over that time-frame.

    Whereas main airways Delta (DAL), United (UAL), Alaska (ALK), and JetBlue (JBLU) had been all down barely Thursday, they’re set to submit yearly positive factors far forward of their S&P 500 friends.

    United Airways is one of the best performer of the group — its inventory soared 144% in 2024. In the meantime, Alaska Air Group shares are up almost 72% for the 12 months. Delta Air Traces rose 55% in that timeframe, and JetBlue climbed 41%.

    American Airways’ (AAL) efficiency was in step with its friends, whereas Southwest Airways’ (LUV) 18% achieve for the 12 months fell behind.

    On the similar time, Spirit Airways (SAVEQ) plummeted because it struggled to remain afloat post-bankruptcy.

  • Jenny McCall

    Good morning. This is what’s occurring at present.

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7Month Dow highs hover Nasdaq slide Treasury Yields
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