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Stocks Down Pre-Bell as Year-End Approaches; Asia Falls, Europe Churns
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Stocks Down Pre-Bell as Year-End Approaches; Asia Falls, Europe Churns
Dec 30, 2024 4:49 AM

07:26 AM EST, 12/30/2024 (MT Newswires) -- US benchmark equity indexes were down ahead of Monday's opening bell as traders prepare for the final days of 2024.

Standard & Poor's 500 and the Nasdaq declined 0.2% each in premarket activity, while the Dow Jones Industrial Average was off 0.1%. The majority of Asian exchanges were tracking in the red while European bourses were mixed to lower midday on the continent.

US markets will be closed on Wednesday for New Year's Day, reopening on Thursday.

On the economic calendar, the Chicago Purchasing Managers' Index data for December posts at 9:45 am ET, followed by the National Association of Realtors pending home sales index for November at 10 am. The Dallas Fed Manufacturing survey for the current month is due at 10:30 am.

Shares of Boeing ( BA ) were down 3.3% pre-bell as South Korea ordered an inspection of all B737-800 planes following a deadly Jeju Air crash over the weekend, according to multiple media reports. Cybersecurity company Intrusion's (INTZ) stock surged 89%.

Tesla (TSLA) decreased 1.3% before the bell while Nvidia ( NVDA ) nudged down 0.5%. Palantir Technologies' ( PLTR ) shares fell 1.1%.

Before the opening bell, bitcoin traded up 0.4% at $93,807, West Texas Intermediate crude oil inclined 0.2% to $70.72 a barrel, yields on 10-year Treasuries retreated 2.6 basis points to 4.59% and gold slipped 0.1% to $2,631 an ounce.

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