Wall Streets main indexes closed lower on Monday, December twenty-ninth, as tech stocks pulled back, leading to a softer start for the final week of the year. The S and P five hundred, Nasdaq, and Dow Jones Industrial Average all declined, with Nvidia, Palantir, and Tesla among the tech stocks that dropped. Despite the dip, investors remained optimistic, viewing it as a buying opportunity rather than the end of techs run. Energy stocks bucked the trend, gaining nearly one percent alongside a two percent jump in oil prices. The pullback came after the S and P five hundred neared seven thousand points, with the Dow hitting a record close last week. Traders hoped for a Santa Claus rally, but all three indexes still eyed solid monthly gains. Looking ahead, most experts predict gains in twenty twenty-six amid global growth and expected Fed rate cuts. One bright spot: DigitalBridge surged nine point six percent on news of a four billion dollar buyout by Japans SoftBank. Checkout Solipillow.com

The Daily News Now! — Every city. Every story. AI-powered.

---

Hosted on Acast. See acast.com/privacy for more information.