03:48 PM EST, 12/27/2024 (MT Newswires) -- US benchmark equity indexes fell before Friday's close as big tech stocks declined.

The Nasdaq Composite dropped 1.7% at 19,674.5, while the S&P 500 fell 1.3% to 5,959.2. The Dow Jones Industrial Average lost 0.9% to 42,939.5. All sectors declined, paced by consumer discretionary and technology.

Shares of chip-making giant Nvidia ( NVDA ) fell 2.4%, the steepest decline on the Dow. Microsoft ( MSFT ) , Apple ( AAPL ) and Amazon.com ( AMZN ) also dropped.

Electric vehicle maker Tesla (TSLA) posted the biggest decline on the Nasdaq and the S&P, down 5.5%.

The US 10-year yield rose 4.4 basis points to 4.62%, while the two-year rate fell one basis point to 4.33%.

West Texas Intermediate crude oil rose 0.9% at $70.21 a barrel.