01:05 PM EST, 12/31/2024 (MT Newswires) -- US benchmark stock indexes fell after midday Tuesday, continuing the previous session's losses on the last trading day of 2024.

The Nasdaq slipped 0.9% to 19,314, the S&P 500 lost 0.6% to 5,874 and the Dow Jones Industrial Average fell 0.3% to 42,428.

Energy and real estate were the top gainers, while technology sector saw the steepest decline intraday.

The Case-Shiller National Home Price index fell by 0.2% in October before seasonal adjustment, following a 0.1% decrease in September. National home prices were up 3.6% year over year, slower than a 3.9% gain in September, and were up 0.4% month over month in October after seasonal adjustment.

"Prices have declined sequentially somewhat for the past several months now, which is not out of the ordinary for typical seasonality in the back half of the year," Truist Securities analysts said, adding that they "believe that prices are finding a top in many of the formerly hot markets as more supply comes coupled with buyers reacting to higher rates. Muted price growth in Tampa and Dallas have been seen with smaller markets in their states seeing more pressure."

The Federal Housing Finance Agency's measure of home prices rose by 0.4% in October after an unrevised 0.7% increase in the previous month, as expected in a survey compiled by Bloomberg. Prices were up 4.5% from a year earlier in October. The West-South Central region saw the largest gain, followed by the East-North Central region.

In company news, Amazon.com ( AMZN ) fell 0.6% in recent trading as the company is facing legal action over claims that it misused employee 401(k) forfeitures to offset its own contributions, breaching federal fiduciary duties under the Employee Retirement Income Security Act. The class action aims to represent over 20,000 members of Amazon's ( AMZN ) 401(k) plan from Jan. 1, 2018, through the date of judgment.

Affinity Bancshares ( AFBI ) fell about 20% in recent trading activity after the company and Atlanta Postal Credit Union agreed to terminate their proposed merger. The decision followed discussions between Atlanta Postal Credit Union and regulatory agencies.

Sangamo Therapeutics ( SGMO ) fell 55% in recent trading, a day after it said it will regain full development and commercialization rights for giroctocogene fitelparvovec after Pfizer (PFE) decided to terminate the collaboration and licensing agreement for the prospective hemophilia A gene therapy.

Verastem ( VSTM ) rose 41% after the US Food and Drug Administration accepted and granted priority review to the new drug application for its ovarian cancer drug and has set an action date of June 30.

The US 10-year Treasury yield rose 3.4 basis points to 4.58% and the two-year rate fell slightly to 4.25%.

The US Dollar Index was up 0.4% to 108.53.

West Texas Intermediate crude rose 1.1% to $71.79 per barrel. Gold was up 0.8% to $2,640 an ounce. Silver fell 0.5% to $29.26 per ounce.

The market will be closed on Wednesday for New Year's Day.