Reported about 17 hours ago
On January 16, 2025, US stocks closed lower as the Nasdaq Composite led the decline, dropping nearly 0.9%, amid a backdrop of major bank earnings and a dip in tech stocks. The S&P 500 and Dow also fell slightly, as investors focused on the confirmation hearing of Treasury Secretary nominee Scott Bessent. Key topics included economic policies under President-elect Donald Trump and evolving financial strategies amid shifting investor sentiment and retail sales data.
Source: YAHOO