From Nasdaq Inc.:

Stocks finished the last trading day of the year with their second consecutive day of losses. The tech-heavy Nasdaq followed up its worst day since October with a triple-digit dip, and the Dow shed over 280 points. The 10-year Treasury yield slipped back below the 4% level and the S&P 500 settled in the red, after the Federal Reserve’s meeting minutes hinted that the central bank isn’t ready to lower rates yet.
Xerox is cutting 15% of its workforce, while a big tech stock tends to outperform in the first month of the year. Qualcomm stock could yield disappointing returns, and there is a bear note behind a fintech stock’s downgrade.
Gold prices turned yesterday’s gains around, after the greenback strengthened ahead of the Fed’s commentary. Meanwhile, oil futures took a step forward following deadly explosions at a ceremony marking the anniversary of an Iranian military officer’s death. Reports of protests also shutting down Libya’s largest oilfield buoyed black gold.



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