Dec 27 (Reuters) - Tech and growth stocks dragged Wall

Street's main indexes lower on Friday, at the end of an upbeat

holiday-shortened week that was driven by expectations around a

traditionally strong period for markets.

The Dow Jones Industrial Average fell 0.82%, the S&P

500 was down 1.24% and the Nasdaq Composite

briefly fell more than 2% and was down 1.80%.

Ten of the 11 major S&P sectors, including information

technology and consumer discretionary fell

the most, down about 2% and 1.9%, after powering most of the

broader market's gains in 2024.

COMMENTS:

PETER TUZ, PRESIDENT, CHASE INVESTMENT COUNSEL,

CHARLOTTESVILLE, VIRGINIA

"This is end of year stuff going on people have had a pretty

good year, and it's typical year-end selling pressure caused by

people taking profits, not a lot of buyers out there and not a

lot of volume."

"(There's) no reason to jump in and buy these things at

these valuations, and tax planning is on peoples' minds this

week and will be on Monday and Tuesday. I don't attribute it to,

you know, any changing outlook in anything right now."

"The Santa Claus rally is one of those historic statistics

that bears watching, but because of the change in administration

and the potential change in policy you're probably seeing more

action now than you would ordinarily. There's the potential for

a lot of disruption in 2025."

BRYCE DOTY, SENIOR PORTFOLIO MANAGER, SIT FIXED INCOME

ADVISORS, MINNEAPOLIS

"Today the market has really been reacting to the

implications of taxes coming up. Tax positioning is overwhelming

the other factors. But the more the Fed looks out of touch (with

economic realities), the worse it is for equities...Tax trading

will continue for the rest of the year."

(Compiled by the Global Finance & Markets Breaking News team)