US close: Stocks stumble into year-end

(Sharecast News) - Stocks on Wall Street ended lower on the last trading session of 2024, for a fourth day in a row. Despite the end of year stumble, the S&P 500 finished the year with a of 23%, whilst the advance over the preceding two years had been the biggest since 1997-98, in the years ahead of the dotcom bubble, according to Dow Jones Data Group.

The Dow Jones Industrials drifted lower by 0.07% to 42,544.22, alongside a 0.43% decline out on the S&P 500 to 5,881.63, whilst the Nasdaq Composite ended down by 0.90% at 19,310.79.

"Here we are, the last day and the last trading day of the year. It's now been about two years that ChatGPT was launched and it's been two years that the AI buzz pushed some US Big Tech companies to [...] the sky, really," said Ipek Ozkardeskaya, senior analyst at Swissquote Bank.

"Nvidia, which has become the icon of the AI rally, gained almost 1000% since then, the Magnificent 7 nearly 100% since last November [...]."

On the economic side of things, the Federal Housing Finance Agency, in seasonally adjusted terms house prices rose in October at a 0.4% month-on-month (consensus: 0.5%) clip.

Prices were ahead by 4.5% in annual terms.

Separately, S&P Case Shiller reported that the year-on-year increase in home prices slowed from the 4.6% clip observed in September to 4.2% (consensus: 4.1%) in October.

Dow Jones - Risers

Dow Chemical Co. (DOW) $40.13 1.75% Nike Inc. (NKE) $75.65 1.37% Chevron Corp. (CVX) $144.86 1.24% Intel Corp. (INTC) $20.05 1.16% Merck & Co. Inc. (MRK) $99.40 1.13% Verizon Communications Inc. (VZ) $39.99 0.98% Johnson & Johnson (JNJ) $144.56 0.89% Walgreens Boots Alliance, Inc. (WBA) $9.33 0.76% Amgen Inc. (AMGN) $260.64 0.52% Walt Disney Co. (DIS) $111.41 0.50%

Dow Jones - Fallers

Microsoft Corp. (MSFT) $421.50 -0.78% Apple Inc. (AAPL) $250.42 -0.71% Salesforce.Com Inc. (CRM) $334.28 -0.42% Unitedhealth Group Inc. (UNH) $506.15 -0.38% Walmart Inc. (WMT) $90.35 -0.24% International Business Machines Corporation (CDI) (IBM) $219.83 -0.19% American Express Co. (AXP) $296.79 -0.18% Goldman Sachs Group Inc. (GS) $572.42 -0.16% Home Depot Inc. (HD) $388.99 -0.11% Caterpillar Inc. (CAT) $362.55 -0.07%

S&P 500 - Risers

Apartment Investment & Management Co. (AIV) $9.08 8.34% Apache Corp. (APA) $23.09 2.99% Marathon Petroleum Corporation (MPC) $139.43 2.88% Lamb Weston Holdings, Inc. (LW) $66.92 2.86% Advance Auto Parts (AAP) $47.17 2.69% Valero Energy Corp. (VLO) $122.61 2.51% Sl Green Realty Corp. (SLG) $67.96 2.49% HF Sinclair Corporation (DINO) $35.00 2.43% Mosaic Company (MOS) $24.57 2.42% Devon Energy Corp. (DVN) $32.72 2.38%

S&P 500 - Fallers

Nvidia Corp. (NVDA) $134.29 -2.33% NRG Energy Inc. (NRG) $90.15 -2.09% CenturyLink Inc. (LUMN) $5.32 -1.67% Broadcom Inc. (AVGO) $231.84 -1.59% Nektar Therapeutics (NKTR) $0.93 -1.48% Micron Technology Inc. (MU) $84.16 -1.35% Advanced Micro Devices Inc. (AMD) $120.79 -1.35% Copart Inc. (CPRT) $57.39 -1.27% Alphabet Inc. Class C (GOOG) $190.44 -1.17% United Airlines Holdings Inc (UAL) $97.10 -1.13%

Nasdaq 100 - Risers

Liberty Global plc Series A (LBTYA) $12.76 1.84% Biogen Inc (BIIB) $152.92 1.82% DENTSPLY Sirona Inc. (XRAY) $18.98 1.77% Regeneron Pharmaceuticals Inc. (REGN) $712.33 1.39% JD.com, Inc. (JD) $34.67 1.20% Intel Corp. (INTC) $20.05 1.16% Kraft Heinz Co. (KHC) $30.71 1.15% Liberty Global plc Series C (LBTYK) $13.14 1.00% Incyte Corp. (INCY) $69.07 0.95% Align Technology Inc. (ALGN) $208.51 0.93%

Nasdaq 100 - Fallers

Tesla Inc (TSLA) $403.84 -3.25% Nvidia Corp. (NVDA) $134.29 -2.33% Broadcom Inc. (AVGO) $231.84 -1.59% Workday, Inc. (WDAY) $258.03 -1.52% Micron Technology Inc. (MU) $84.16 -1.35% Mercadolibre Inc. (MELI) $1,700.44 -1.24% Alphabet Inc. Class C (GOOG) $190.44 -1.17% American Airlines Group (AAL) $17.43 -1.08% Alphabet Inc. Class A (GOOGL) $189.30 -1.01% Netflix Inc. (NFLX) $891.32 -1.01%