U.S. stock markets closed lower due to geopolitical conflicts and uncertainty over Trump's policies

From Nasdaq: 2024-12-31 03:34:00

U.S. stock markets closed lower with all major indexes in negative territory. The Dow Jones fell 1%, the Nasdaq slid 1.2%, and the S&P 500 shed 1.1%. Tech, healthcare, and material sectors saw declines. Geopolitical conflicts and uncertainty over Trump’s policies and Fed’s rate cuts dampened investor sentiment.

Pending home sales rose by 2.2% in November, marking the fourth consecutive monthly increase. The National Association of REALTORS reported the highest level since February 2023. October’s metric was revised down to 1.8%. Investors can access Zacks’ picks for $1, gaining insights into various portfolio services for potential gains.

Investors are concerned about the overvaluation of U.S. stocks, particularly the “magnificent 7” stocks like Tesla, Meta Platforms, and Apple, which saw declines. Geopolitical conflicts, Trump’s policies, Fed’s rate cuts, and economic data impact market sentiment. Fears of inflation, uncertainties, and high valuations contribute to market volatility.



Read more at Nasdaq: Stock Market News for Dec 31, 2024