3 sources·Business

Wall Street Slips as Tech Stocks Weigh Down Major Indices

Wall Street's major indices closed lower, driven by declines in tech stocks and wary investor sentiments ahead of holiday trading.

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Updated: Nov 27th, 2024, 6:13 PM ET

Summary

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U.S. stock indexes fell on Thanksgiving Eve as losses in technology stocks, particularly Nvidia, Microsoft, and Dell, pulled the market down. The S&P 500, Dow, and Nasdaq all recorded losses, ending a recent upward trend. Economic data continued to show solid consumer spending but indicated that inflation had stalled, prompting discussions about the Federal Reserve's future rate policies. President-elect Trump's proposed tariffs also stirred concerns about potential inflation, influencing market dynamics. The market will remain closed for Thanksgiving before reopening for a half-day on Friday.

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Wall Street Slips as Tech Stocks Weigh Down Major Indices - Pano News