On Tuesday, December 31, U.S. markets closed decrease as Wall Avenue ended 2024 on a subdued observe. Main indexes slipped throughout a low-volume session, capping a 12 months of extraordinary positive aspects pushed by the AI increase, Federal Reserve charge cuts, and a resilient U.S. financial system.
The Nasdaq surged 28.6%, the S&P 500 climbed 23.3%, and the Dow superior 12.9%, marking the S&P 500’s finest two-year streak since 1997-1998.
Vitality, supplies, and actual property led S&P 500 positive aspects Tuesday, whereas shopper discretionary and tech shares ended decrease. Of the 11 major sectors within the S&P 500, communication companies, expertise, and shopper discretionary had been the standout performers in 2024, posting annual positive aspects starting from 29.1% to 38.9%.
In financial knowledge, the S&P Case-Shiller house value index rose 4.2% year-over-year in October, barely beneath September’s 4.6% and above the 4.1% forecast. The FHFA home value index elevated 0.4% in October, lacking the 0.5% estimate. In the meantime, Texas’ Dallas Fed service sector index dipped to 9.6 from 9.8 in November.
The Dow Jones Industrial Common was down 0.07% and closed at 42,544.22, the S&P 500 closed decrease by 0.43% at 5,881.60, and the Nasdaq Composite fell 0.90% to complete at 19,310.79.
Asia Markets In the present day
- Japan’s market closed for New 12 months’s Day.
- On Thursday, Australia’s S&P/ASX 200 closed the session greater by 0.52% at 8,201.20, led by positive aspects within the Vitality, Assets and Metals & Mining sectors.
- India’s Nifty 50 closed greater by 1.79% at 24,168.50, and Nifty 500 rose 1.45% closing at 22,807.90,
- China’s Shanghai Composite fell 2.66% to shut at 3,262.56, whereas the Shenzhen CSI 300 declined 2.91%, ending the day at 3,820.40.
- Hong Kong’s Dangle Seng closed the session decrease by 2.18% at 19,623.32.
Eurozone at 05:30 AM ET
- The European STOXX 50 was down 0.73%.
- Germany’s DAX declined 0.11%.
- France’s CAC fell 1.03%.
- U.Okay.’s FTSE Index 100 traded decrease by 0.02%.
- European shares dipped as traders assessed financial knowledge and anticipated additional ECB charge cuts to assist struggling economies.
Commodities at 05:30 AM ET
- Crude Oil WTI was buying and selling greater by 1.31% at $72.67/bbl, and Brent was up 1.19% at $75.49/bbl.
- Oil costs rose barely as markets reopened for 2025, pushed by China’s development pledge and manufacturing knowledge. Buyers are watching geopolitical dangers, U.S. financial knowledge, and oil inventories, whereas forecasts counsel costs might keep constrained as a result of weak demand and rising world provides.
- Pure Gasoline gained 1.05% to $3.668.
- Gold was buying and selling greater by 0.68% at $2,657.86, Silver was up 2.05% to $29.835, and Copper slid 0.45% to $4.0083.
U.S. Futures at 05:30 AM ET
Dow futures had been up 0.46%, S&P 500 futures gained 0.57%, and Nasdaq 100 futures rose 0.75%.
Foreign exchange at 05:30 AM ET
- The U.S. Greenback Index was up 0.42% to 108.58, USD/JPY fell 0.22% to 156.90, and USD/AUD slid 0.43% to 1.6080.
- The U.S. greenback dipped barely Thursday however remained close to its two-year excessive, supported by the Federal Reserve’s hawkish stance and coverage uncertainty from the incoming Trump administration.
Picture by Steve Heap through Shutterstock
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