Reported 1 day ago
The stock market experienced a decline as major indexes such as the Dow Jones, S&P 500, and Nasdaq Composite fell due to tax loss harvesting and profit taking at the year's end. With a lack of liquidity and trading activity, over 90% of S&P 500 constituents were in the red, and analysts noted that large funds might be rebalancing portfolios. The current market sentiment reflects uncertainties regarding interest rates, inflation, and potential policy changes with the new administration going into next year.
Source: YAHOO