In the final two trading days of 2024, the Dow Jones Industrial Average fell sharply after opening 128 points lower. It recorded a loss of 579 points or 1.4%, standing at 42,417 points. The S&P 500 dropped 50 points or 0.8% to 5,920 points, while the Nasdaq fell 261 points or 1.3% to 19,460 points, with an early loss of nearly 380 points or 1.9% during the session.
Boeing (BA, Financial) faced new quality concerns after another landing gear issue with a similar aircraft model, causing its stock to fall nearly 4%. Major tech stocks experienced a sell-off as investors took profits. NVIDIA (NVDA) declined by 0.5% despite plans to release a new humanoid robot computer, Jetson Thor, next year. Tesla (TSLA) dropped 2% after denying imminent plans to launch the Cybertruck in China. Other tech giants like Amazon (AMZN), Alphabet (GOOG), Microsoft (MSFT), and Apple (AAPL) also saw declines of over 1%.
