US close: Stocks slip for third successive day
Stocks on Wall Street endured a third successive decline during the next-to-last trading session of 2024, amidst a general recognition that Santa Claus had left investors in equities high and dry at the tail-end of the year.
Of course, the tally for the year as a whole on the other hand was quite positive.
The Dow Jones Industrials Average fell by 0.97% or 418.48 points to 42,573.73, alongside a 63.90 point or 1.07% decline on the S&P 500 to 5,906.94.
The Nasdaq-100 was down by 235.25 points or 1.19% to 19,486.78.
The CBoE's VIX index climbed 9.09% to 17.40.
Shares of Boeing were in the spotlight following a catastrophic emergency landing by a South Korean Jeju Air 737-800 on Sunday whose landing gears failed to deploy after a bird strike.
Only two passengers survived.
The country's authorities ordered a "special safety inspection" of all Boeing 737-800s.
Nonetheless, budget airline Jeju was known to be the most heavily-fined carrier in South Korea since 2020. Reports also indicated that Jeju had pushed the aircraft involved in the incident hard before the accident.
Market News International's Chicago Business Barometer slipped by 3.3 points from the month before to reach 36.9 in December (consensus: 42.8).
The Dallas Fed's regional factory index improved from a reading of -2.7 for November to 3.4 in December.
An index of pending home sales jumped by 2.2% month-on-month in November (consensus: 0.7%), according to the National Association of Realtors.
Dow Jones - Risers
Dowdupont Inc. (DWDP) $0.00 0.00%
Unitedhealth Group Inc. (UNH) $507.80 -0.43%
Goldman Sachs Group Inc. (GS) $573.81 -0.46%
Caterpillar Inc. (CAT) $363.21 -0.51%
Travelers Company Inc. (TRV) $239.87 -0.64%
Chevron Corp. (CVX) $143.07 -0.65%
Walt Disney Co. (DIS) $110.81 -0.67%
Coca-Cola Co. (KO) $62.03 -0.67%
Cisco Systems Inc. (CSCO) $59.19 -0.70%
JP Morgan Chase & Co. (JPM) $239.40 -0.77%
Dow Jones - Fallers
Walgreens Boots Alliance, Inc. (WBA) $9.26 -3.74%
Intel Corp. (INTC) $19.82 -2.36%
Nike Inc. (NKE) $74.65 -2.32%
Boeing Co. (BA) $176.55 -2.31%
Dow Chemical Co. (DOW) $39.44 -1.47%
Procter & Gamble Co. (PG) $167.09 -1.44%
McDonald's Corp. (MCD) $289.60 -1.37%
Merck & Co. Inc. (MRK) $98.37 -1.33%
Apple Inc. (AAPL) $252.20 -1.33%
Microsoft Corp. (MSFT) $424.83 -1.32%
S&P 500 - Risers
Advance Auto Parts (AAP) $46.05 4.52%
Coterra Energy Inc. (CTRA) $25.55 3.57%
Devon Energy Corp. (DVN) $31.98 2.47%
TripAdvisor Inc. (TRIP) $14.90 2.41%
Helmerich & Payne Inc. (HP) $31.42 2.08%
Bath & Body Works, Inc. (BBWI) $38.88 1.83%
Diamondback Energy Inc. (FANG) $160.98 1.67%
American Airlines Group (AAL) $17.62 1.56%
Apache Corp. (APA) $22.42 1.49%
Ralph Lauren Corp (RL) $232.22 1.16%
S&P 500 - Fallers
Macy's Inc. (M) $16.77 -4.39%
Foot Locker Inc. (FL) $22.00 -3.85%
Micron Technology Inc. (MU) $85.31 -3.75%
Walgreens Boots Alliance, Inc. (WBA) $9.26 -3.74%
Tractor Supply Company (TSCO) $52.59 -3.61%
Kohls Corp. (KSS) $13.86 -3.48%
Wynn Resorts Ltd. (WYNN) $85.83 -3.21%
Cognizant Technology Solutions Corp. (CTSH) $76.75 -3.09%
Lamb Weston Holdings, Inc. (LW) $64.97 -3.03%
Gap Inc. (GAP) $23.55 -3.01%
Nasdaq 100 - Risers
American Airlines Group (AAL) $17.62 1.56%
Liberty Global plc Series A (LBTYA) $12.53 1.13%
Liberty Global plc Series C (LBTYK) $13.01 0.77%
Nvidia Corp. (NVDA) $137.49 0.35%
Expedia Group Inc. (EXPE) $186.49 0.20%
Cintas Corp. (CTAS) $183.68 0.17%
Activision Blizzard Inc. (ATVI) $94.42 0.00%
Dish Network Corp. (DISH) $5.77 0.00%
Alexion Pharmaceuticals Inc. (ALXN) $0.00 0.00%
Xilinx Inc. (XLNX) $0.00 0.00%
Nasdaq 100 - Fallers
Micron Technology Inc. (MU) $85.31 -3.75%
Walgreens Boots Alliance, Inc. (WBA) $9.26 -3.74%
Tesla Inc (TSLA) $417.41 -3.30%
Wynn Resorts Ltd. (WYNN) $85.83 -3.21%
Cognizant Technology Solutions Corp. (CTSH) $76.75 -3.09%
Baidu Inc. (BIDU) $84.05 -2.94%
Trip.com Group Limited (TCOM) $68.61 -2.80%
Broadcom Inc. (AVGO) $235.58 -2.55%
Asml Holdings N.V. (ASML) $696.15 -2.44%
NetEase Inc. Ads (NTES) $89.21 -2.44%