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18 April 2024

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Wall St finishes down after sell-off at end of strong holiday-shortened week

28-12-2024 11:34 AM


Ammon News - Wall Street's holiday cheer ended abruptly on Friday, with all three main benchmarks closing lower in a broad-based sell-off affecting even tech and growth stocks that had driven markets higher through much of the shortened trading week.

The decline ended the Dow Jones Industrial Average's (.DJI) five-session winning streak that had followed a 10-session decline, its worst losing stretch since 1974.

The Dow fell 333.59 points, or 0.77%, to 42,992.21. The S&P 500 (.SPX) lost 66.75 points, or 1.11%, to finish at 5,970.84 points, while the Nasdaq Composite (.IXIC) dropped 298.33 points, or 1.49%, to end at 19,722.03.

Reuters




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