Home Money & Business Business Performance of Key US Stock Indices on Tuesday, December 17, 2024

Performance of Key US Stock Indices on Tuesday, December 17, 2024

0

U.S. stock markets concluded the day with declines, partially shedding some of the impressive gains they have achieved throughout the year.
The S&P 500 dipped by 0.4% on Tuesday, yet remains close to its recent peak established earlier this month. Meanwhile, the Dow Jones Industrial Average experienced a drop of 0.6%, and the Nasdaq composite decreased by 0.3%, following an outstanding record set just a day prior.

Nvidia, which has been a standout performer contributing significantly to Wall Street’s impressive run this year, faced its eighth decline in nine days. Treasury yields showed relative stability despite a stronger-than-anticipated performance in retail sales across the U.S. Additionally, Bitcoin reached yet another milestone, further capturing attention in the financial markets.

On Tuesday, the market performance was as follows: the S&P 500 decreased by 23.47 points, or 0.4%, bringing it to a total of 6,050.61.
The Dow Jones Industrial Average saw a decline of 267.58 points, or 0.6%, settling at 43,449.90.
The Nasdaq composite dropped by 64.83 points, or 0.3%, to reach 20,109.06.
Lastly, the Russell 2000 index, which tracks smaller companies, fell by 27.91 points, or 1.2%, concluding at 2,334.08.

Looking at the broader week, the S&P 500 is down by 0.48 points, which is less than a 0.1% change. The Dow registered a decline of 378.16 points, equivalent to a 0.9% drop. Conversely, the Nasdaq showed a gain with an increase of 182.34 points, or 0.9%. The Russell 2000 also saw a slight decline, down 12.81 points, or 0.5%.

In terms of year-to-date performance, the S&P 500 has risen significantly by 1,280.78 points, reflecting an increase of 26.9%. The Dow has also seen robust gains, up by 5,760.36 points, or 15.3%. The Nasdaq has outperformed with a surge of 5,097.71 points, or 34%. Lastly, the Russell 2000 index has appreciated by 307.01 points, reflecting a 15.1% increase.