NYSE Traders working during the opening bell.JOHANNES EISELE/AFP via Getty ImagesThe tech sector dragged US stocks lower on Monday, with major indexes down about 1%.The extended decline in the Nasdaq 100 and S&P 500 can be linked to rising bond yields over the past few weeks.Investors are keeping an eye on key economic data during this shortened trading week, including ISM manufacturing data.US stocks finished lower on Monday, with the tech sector leading the decline heading into year-end.Stocks were down nearly 2% at their lowest point on Monday, but some buying pressure alleviated the pain and the major indexes finished the day down by about 1%.The Nasdaq 100 has extended its decline since mid-December to nearly 5% amid a sharp rise in bond yields, while the S&P 500 has dropped by about 3% over the same time period.Yields edged lower on Monday, with the 10-year Treasury yield down eight basis points to 4.546%.
Stock Market Today: Tech Leads Us Stocks Lower As Wall Street Gets Ready To Wrap Up 2024
mfox@businessinsider.com (Matthew Fox), Business Insider
Mon, 12/30/2024 - 2:12pm
Topics: nyse traders johannes eisele/afp getty imagesthe jones industrial average s&p case-shiller fundstrat's tom lee eps fairlead strategies katie stockton the spx macd stockton dow south korea new year day redfin jimmy carter wall street west texas intermediate 252.read business insider the nasdaq s&p treasury us ism lee january boeing tech stocks stock market week data decline shortened sell yield bond indexes economic basis sector extended finished major crude yields points trading signals including dropped manufacturing closed
BING NEWS:
- Stock market today: Tech leads US stocks lower as Wall Street gets ready to wrap up 2024
The Dow ended more than 400 points lower on Monday, clawing back some of the deepest losses from earlier in the day.
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