Stocks slide as Dow, S&P 500, and Nasdaq retreat from all-time highs

From Nasdaq: 2024-12-06 09:46:00

U.S. stocks closed lower on Thursday, with the Dow Jones Industrial Average sliding 0.6% and the S&P 500 declining 0.2%. The tech-heavy Nasdaq fell 0.2%, and the fear-gauge CBOE Volatility Index was up 0.67%. Decliners outnumbered advancers on the NYSE and Nasdaq. The market paused ahead of the jobs report.

The Dow, S&P 500, and Nasdaq retreated from their all-time highs on Thursday. Investors await Friday’s jobs report for insight into the Federal Reserve’s rate cut path. Technology stocks, including Meta Platforms and Synopsys, suffered losses. UnitedHealth Group shares tumbled 5.2% after the CEO’s assassination in Manhattan.

Bitcoin pulled back below $100,000 after surpassing the milestone on Wednesday. The Labor Department reported jobless claims totaling 224,000, with continuing claims at 1,871,000. Economic data suggests a mixed market sentiment. Experts anticipate the employment report to impact future rate cuts by the Federal Reserve.



Read more at Nasdaq: Stock Market News for Dec 6, 2024