by David French
(Reuters) – The New York Stock Exchange ended down on Friday with technology stocks, however insufficient to erase a week of rebound despite low trading volumes linked to the end-of-year holidays.
The Dow Jones index lost 0.77%, or 333.59 points, to 42,992.21 points.
The broader S&P-500 lost 66.75 points, or 1.11%, to 5,970.84 points.
The Nasdaq Composite fell 298.33 points (-1.49%) to 19,722.031 points.
The three major indexes erased during the week part of the losses of the previous week linked to the new projections of the Federal Reserve on a more limited reduction than expected in its interest rates next year.
These Fed announcements pushed up US Treasury yields and penalized growth stocks, particularly large caps in the technology sector which were the main drivers of Wall Street’s dynamism in 2024.
Among these “tech” giants, Tesla lost 4.95% on Friday while Apple, Amazon, Microsoft and Nvidia lost between 1.32% and 2.09%, with the end of the year also being favorable. taking profits. Tesla has jumped nearly 74% and Nvidia 178% since the start of the year.
(Written by Medha Singh and Purvi Agarwal in Bangalore and David French and Carolina Mandl in New York, Bertrand Boucey)
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