financetom
Market
financetom
/
Market
/
US Equity Indexes Decline in Midday Trading
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US Equity Indexes Decline in Midday Trading
Jan 24, 2025 9:48 AM

12:24 PM EST, 01/24/2025 (MT Newswires) -- US equity indexes slipped with government bond yields in midday trading Friday after a consumer sentiment gauge was revised downwards.

The Nasdaq Composite fell 0.1% to 20,040.1, with the S&P 500 down slightly to 6,118.5 and the Dow Jones Industrial Average dropping 0.1% to 44,529.7. Energy and technology led the decliners while real estate and communication services were among the top gainers.

In economic news, the University of Michigan consumer sentiment index was revised downwards on Friday to 71.1 for January from 73.2 in the preliminary estimate, compared with expectations for no revision in a survey compiled by Bloomberg. That was below the final reading of 74.0 in December.

Meanwhile, the Kansas City Federal Reserve's monthly composite services index fell to a reading of minus 4 in January after declining to an upwardly revised reading of 4 in December. A reading above zero indicates growth and a reading below zero suggests contraction.

Most US Treasury yields fell, with the benchmark 10-year retreating 2.2 basis points to 4.62%. The two-year rate dropped 3.7 basis points to 4.25%.

In company news, NextEra Energy's (NEE) shares jumped 4.8% intraday, the top performer on the S&P 500, after the company reported a year-over-year decline in Q4 operating revenue that also missed market expectations.

The worst performer on the index as well as the Nasdaq was Texas Instruments ( TXN ) , whose shares slumped 6% intraday after the company reported Q4 earnings and revenue that fell from a year ago.

West Texas Intermediate crude oil futures slipped 0.2% to $74.51 a barrel.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nasdaq Dips Over 3%; Checkpoint Therapeutics Shares Jump
Nasdaq Dips Over 3%; Checkpoint Therapeutics Shares Jump
Mar 10, 2025
U.S. stocks traded lower this morning, with the Dow Jones index falling around 1% on Monday. Following the market opening Monday, the Dow traded down 1.01% to 42,370.97 while the NASDAQ dipped 3.21% to 17,612.44. The S&P 500 also fell, dropping, 1.97% to 5,656.29. Check This Out: Wall Street’s Most Accurate Analysts Give Their Take On 3 Health Care Stocks...
US STOCKS SNAPSHOT-Nasdaq falls nearly 4% to six-month low on growth concerns
US STOCKS SNAPSHOT-Nasdaq falls nearly 4% to six-month low on growth concerns
Mar 10, 2025
March 10 (Reuters) - The Nasdaq led a selloff among Wall Street's main indexes on Monday, falling nearly 4% to a near six-month low, on fears that a tit-for-tat tariff war could spark an economic slowdown. Technology stocks such as Nvidia ( NVDA ), Apple ( AAPL ) and Microsoft ( MSFT ) fell between 3% and 5% and were...
Wall Street drops on trade war concerns; Tesla slides
Wall Street drops on trade war concerns; Tesla slides
Mar 10, 2025
By Johann M Cherian and Pranav Kashyap (Reuters) - Wall Street's main indexes fell on Monday as U.S. President Donald Trump's comments over the weekend stoked fears that a trade war could spark an economic slowdown, with the tech-heavy Nasdaq and the benchmark S&P 500 near five-month lows. At 09:50 a.m. ET the Dow Jones Industrial Average fell 307.75 points,...
QUOTES-Wall Street selloff deepens as Trump sparks recession concerns
QUOTES-Wall Street selloff deepens as Trump sparks recession concerns
Mar 10, 2025
NEW YORK, March 10 (Reuters) - Major U.S. stock indexes sank on Monday after U.S. President Donald Trump declined to predict whether his tariff policies could lead to a recession, roiling investor sentiment. The Nasdaq Composite slumped almost 4% after moving into a correction last week. The S&P 500 slid 2%, and the index is now about 8% down from...
Copyright 2023-2025 - www.financetom.com All Rights Reserved