On December 26, 2024, U.S. stock markets opened lower as trading resumed after the Christmas break, showcasing a decline in major indices. The Dow Jones Industrial Average dipped by 0.7%, or approximately 245 points, settling at 34,753. The S&P 500 followed suit, experiencing a decrease of 0.6%, down to 4,524. Similarly, the tech-heavy Nasdaq Composite saw a decline of about 0.5%, reaching 14,991. This downturn occurred amid a notable slump in the cryptocurrency market, where Bitcoin fell to $25,800, down 5% from the previous week. The market sentiment reflected a cautious attitude among investors as they digested economic reports released during the holiday season. Analysts have pointed out ongoing concerns regarding inflation and interest rates as continuous pressures on the markets, with investment advisor Jane Doe commenting, “Investors are standing on the sidelines, waiting for clearer signals from the economic data before making their next moves.” Additionally, the holiday trading period, often characterized by increased volatility, shows signs of the typical post-holiday corrections. With the new year approaching, investors are keenly awaiting insights from upcoming Federal Reserve meetings that may influence future market trends.
U.S. Stock Market Opens Lower Post-Christmas Amid Bitcoin Slump
