Wall Street ends lower, capping a banner year

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Wall Street lost ground on Tuesday as investors closed the book on a remarkable year for equities, during which the US stock market was powered to record highs by the twin engines of the artificial-intelligence boom and the US Federal Reserve's first interest rate cuts in three-and-a-half years.

"Valuations have become lofty amid the stock run up, but because we believe that the growth in AI is set to continue and move beyond hardware to software in a massive way across most sectors," he added.

The Dow on Tuesday fell 29.51 points, or 0.07%, to 42,544.22, the S&P 500 lost 25.31 points, or 0.43%, to 5,881.63 and the Nasdaq lost 175.99 points, or 0.90%, to 19,310.79.

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Category: EconomyBusiness

Markets: MalaysiaUkraine

Topics: NasdaqSurge /Business/ EquityGrowth WallStreet2024 GeopoliticalRisks Markets FedRateCuts AIExplosion SP500Gains MarketOutlook

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-01 @ 08:13:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 618 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 24797622

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Main Topics: EconomyBusiness

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