Stocks fell on Wall Street, led by tech and consumer discretionary sectors, amid rising bond yields.

From Nasdaq: 2024-12-30 09:13:00

Wall Street closed lower on Friday as investors sold off to pay taxes and rebalance portfolios. The Dow fell 0.8% to 42,992.21, Nasdaq dropped 1.5% to 19,722.03, and S&P 500 lost 1.1% to 5,970.84. Yields on U.S. government bonds rose. Tech and consumer discretionary sectors led the decline.

Yields on 10-Year U.S. Treasury Note rose to 4.631%. Investors uncertain about Fed’s 2025 interest rate cut plans. U.S. markets decline led by growth sectors like tech and consumer discretionary. NVIDIA, Alphabet, and Royal Caribbean Cruises stocks fell. U.S. crude oil inventories decreased by 4.2 million barrels last week.

Zacks to announce top 10 stocks for 2025 on Jan 2. Previous top 10 stocks gained +2,112.6% since 2012. Director of Research picking best 10 tickers for 2025 from 4,400 companies. Don’t miss out on early access to top stock picks for 2025. Royal Caribbean Cruises Ltd., NVIDIA Corporation, and Alphabet Inc. stock analysis available.



Read more at Nasdaq: Stock Market News for Dec 30, 2024