From Financial Modeling Prep: 2025-01-02 01:46:22

The U.S. stock market closed 2024 with mixed results, despite a strong annual performance. S&P 500 dropped 0.4% on the last day but ended the year with a 23% gain. NASDAQ fell 0.9% but led with a 28.6% increase. Dow Jones declined 0.1%, showing stability with a 12.9% rise.

Tesla shares fell 3.2% despite positive news. United States Steel Corp surged 9% on a $14.9 billion acquisition offer. Boeing closed lower after a tragic air accident in South Korea.

Investors anticipate key economic updates in 2024, including the ISM Manufacturing Activity Report, weekly jobless claims data, and the employment report for insights into labor market conditions.

The year saw U.S. equities soar due to AI advancements and moderated interest rate hikes. However, December brought profit-taking and concerns over economic headwinds like geopolitical uncertainty and Federal Reserve policy adjustments.



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