As Tuesday rolled into the afternoon, U.S. stocks experienced a slight slump after a positive start in what marks the final trading session of 2024. Yet, Wall Street remains on track to end another year with impressive gains.
By early afternoon, the S&P 500 had slipped by 0.3%, with the benchmark index hovering around 5,888 at 12:50 p.m. Eastern time. Notably, this marks its fourth consecutive day of losses, setting up for the longest losing streak since September 6, according to insights from Dow Jones Market Data.
Despite this recent dip, the S&P 500 has surged over 23% this year, building on last year’s double-digit growth. This performance puts it on pace for the most substantial two-year gain since it skyrocketed over 65% between 1997 and 1998, as reported by Dow Jones Market Data.
Meanwhile, the Dow Jones Industrial Average saw a modest decline of 0.1%, while the Nasdaq Composite experienced a 0.5% drop, all according to figures from FactSet.
