Stocks Waver, Dollar and Oil Gain as 2024 Near End
US stocks fluctuated during the last trading session of an otherwise stellar year as investors ponder the monetary policy outlook for 2025.
The S&P 500 and the Nasdaq 100 swung between modest gains and losses after declining more than 1% on Monday. The US Treasury market is on track to eke out a smaller annual gain than it did in 2023. The Bloomberg Dollar Spot Index rose to a level last seen in 2022 and on course for its best year since 2015.
The Federal Reserve’s path will be a major focus in 2025. While central bank officials have already indicated fewer cuts than previously anticipated, their mandate may be complicated by President-elect Donald Trump’s policies, which could stoke inflation. With major US stock indexes set for a second straight year of more than 20% gains, some investors are also concerned about the stamina of the rally.
The S&P 500 fell 0.1% as of 11:04 a.m. New York time
The Nasdaq 100 fell 0.3%
The Dow Jones Industrial Average was little changed
Source: Bloomberg
