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S&P 500 Dips Slightly, But Still Ends 2024 With 20%+ Gain for Second Straight Year

Moomoo News ·  Jan 1 05:04

Markets closed lower Tuesday to end 2024, but still saw big gains for the year as a whole.

The $Dow Jones Industrial Average (.DJI.US)$ closed a preliminary 28.58 points lower (0.07%), while the $S&P 500 Index (.SPX.US)$ was down 25.15 (0.43%). The $Nasdaq Composite Index (.IXIC.US)$ closed  lower as well, down  175.99 (0.90%).

According to Dow Jones Market Data, this represents its fourth straight declining trading session and its biggest four-day fall since Sept. 6 -- its longest losing streak in over a month.

Still, markets saw big gains for 2024 as a whole. The Nasdaq Composite led the way higher, rising 29% for the year.

The S&P 500 was up 23% (a second straight year of 20% gains)  and the Dow added almost 13%.

$Gold (.US)$, closing Tuesday at $2,641.00 an ounce, rose a record $569.20 over the past 12 months --the biggest annual price jump for the most-active futures contract since 1975, according to data.

The $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ likewise ended 2024 with its biggest four-year rise since year-end 1981 as it closed at 4.576%.

$Bitcoin (BTC.CC)$ also hit an all-time high this year at $108,309 earlier this month. It more than doubled in price in 2024.

On Tuesday, that helped send $BTC Digital (BTCT.US)$ up 11.4% to a $4.86 close -- one of the session's few significant movers.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
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