On Friday, December 29th, the U.S. stock markets closed in red, the last trading day of 2023, concluding a year of robust gains fueled by a strong year-end rally and prospects of relaxed monetary policy.
In economic data, the Chicago PMI dropped to 46.9 in December, a decline from November's 55.8, and fell short of the market expectations of 51.
Top Stories for Dec. 29, 2023:
1. Newmont Corporation (NYSE: NEM), the world’s leading gold company, along with its subsidiary Newcrest Finance, recently settled their exchange offers and related consent solicitations for three types of notes.
U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling more than 50 points on Friday.
The Dow traded down 0.17% to 37,644.68 while the NASDAQ fell 0.48% to 15,022.70. The S&P 500 also fell, dropping, 0.33% to 4,767.78.
U.S. stocks turned lower midway through trading, with the Nasdaq Composite falling more than 100 points on Friday.
The Dow traded down 0.34% to 37,583.72 while the NASDAQ fell 0.73% to 14,984.98. The S&P 500 also fell, dropping, 0.47% to 4,760.73.
U.S. stocks traded slightly higher this morning, with the Dow Jones index gaining around 10 points on Friday.
Following the market opening Friday, the Dow traded up 0.03% to 37,723.19 while the NASDAQ rose 0.02% to 15,098.01. The S&P 500 also rose, gaining, 0.05% to 4,785.65.
On Thursday, December 28th, the U.S. stock markets closed mixed, with the Nasdaq composite recording a slight decline.
In economic data, initial jobless claims rose to 218,000 in the week ending December 23rd, exceeding expectations.
U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining more than 100 points on Thursday.
The Dow traded up 0.27% to 37,758.26 while the NASDAQ rose 0.17% to 15,124.90. The S&P 500 also rose, gaining, 0.23% to 4,792.56.