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2024

US markets end mixed; FOMC eyed

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US stocks ended narrowly mixed as the tech-heavy Nasdaq moved sharply lower while the Dow ended the day firmly positive. The Nasdaq tumbled 222.78 points or 1.3 percent to 17,147.41, ending the session at its lowest closing level in well over a month. The S&P 500 also fell 27.10 points or 0.5 percent to 5,436.44, while the narrower Dow climbed 203.40 points or 0.5 percent to 40,743.33. The steep drop by the Nasdaq came as tech stocks came under pressure as Nvidia (NVDA) plunging by 7.0 percent to a two-month closing low. Microsoft lost 1% ahead of its earnings release after the closing bell, while Apple, Alphabet, and Meta were muted ahead of their reports later in the week.