Stock markets closed lower due to profit-taking, concerns over policies, and geopolitical conflicts

From Zacks Investment Research: 2024-12-31 04:38:21

U.S. stock markets closed lower on Monday due to profit-taking and concerns over Trump’s policies, Fed rate cuts, and geopolitical conflicts. The Dow fell 1%, Nasdaq dropped 1.2%, and S&P 500 shed 1.1%. Sectors like Consumer Discretionary, Technology, Health Care, and Materials all saw declines. Geopolitical conflicts in Russia, Ukraine, Israel, and other regions are adding to investor worries. High valuations of U.S. stocks, including Tesla, Meta, and Apple, are concerning investors. Economic data showed pending home sales rose 2.2% in November, the highest level since February 2023.



Read more at Zacks Investment Research: Stock Market News for Dec 31, 2024 – December 31, 2024