US Stocks End Down as Tech Shares Drop Ahead of New Year

US stocks ended down on Monday as tech shares dropped ahead of the New Year. The S&P 500 fell 0.4% to 4,693.19, while the Dow Jones Industrial Average declined 0.3% to 34,533.35.

Market Trends

The tech-heavy Nasdaq Composite dropped 0.7% to 14,439.19, led by losses in Apple, Amazon, and Alphabet. The losses came as investors took profits ahead of the holiday-shortened week.

Economic News

The US stock market has been on a tear in recent weeks, with the S&P 500 rising 4.5% in the past month. However, the gains have been driven by a few large-cap stocks, and some analysts are warning of a potential correction.

Investing

Investors are also keeping an eye on the Federal Reserve's next move. The Fed has been raising interest rates to combat inflation, and some analysts believe that the central bank may pause its rate hikes in the coming months.

Conclusion

The US stock market ended down on Monday as tech shares dropped ahead of the New Year. While the losses were modest, they came as investors took profits ahead of the holiday-shortened week.

Sources

[1] US stocks end down as tech shares drop ahead of New Year
[2] U.S. stocks close below record highs, world indexes set for double-digit 2025 gains
[3] Asia-Pacific markets mostly fall on penultimate day of the year