US stock futures dip after Wall Street profit taking, tech stocks decline, Boeing slides.

From Investing.com: 2024-12-30 19:32:33

U.S. stock index futures dipped after Wall Street closed lower due to profit-taking. The fell 0.2% to 5,946.25, was down 0.2% to 21,374.75, and held steady at 42,911.0 points.

Tech stocks saw declines as investors cashed in on gains. Rising treasury yields added pressure, making bonds more appealing. Apple and Microsoft fell 1.3%, while NVIDIA rose 0.4% and Tesla dropped over 3%.

Boeing shares slid over 2% following a deadly air crash in South Korea involving a Boeing 737-800 that killed 179 people. The plane skidded off the runway, hitting a wall and bursting into flames.

Despite recent losses, U.S. equities had a strong 2024, near record highs. The Nasdaq is up around 30%, S&P 500 over 24%, and Dow more than 13% for the year, the best performance since 2021. Investors will watch for upcoming economic reports.



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