Stocks end lower in volatile start to 2025, extending S&P 500 losing streak [Wealth Professional (Canada)]
HSBC Holdings, plc. (HSBC)
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Source: Wealth Professional
Stocks ended lower on the first trading day of 2025, with the S&P 500 extending its losing streak to five days, its longest since April 2024, a CNBC report highlighted. Despite a strong start to the day, the market lost steam, reflecting uncertainty in the face of volatile trading conditions. The Dow Jones Industrial Average fell 151.95 points, or 0.36%, to close at 42,392.27. The S&P 500 dropped 0.22%, ending at 5,868.55, while the Nasdaq Composite slipped 0.16%, finishing at 19,280.79. The day's market fluctuations highlighted the mixed sentiment following a strong 2024, which saw the S&P 500 surge 23%, though it ended the year with four consecutive down days. “If you think about the market moving two steps forward, one step back, we're in that one-step back phase after a stellar, really, 2024,” said Angelo Kourkafas, senior investment strategist at Edward Jones. “Valuations and sentiment have swung to the optimistic euphoric side, so we're seeing the market work through those
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