Wall Street ends sharply lower on penultimate trading day of a strong 2024

Wall Street closed in negative territory on Monday in a light-volume session of an eventful year. End-of-year tax positioning, rising Treasury yields, and uncertainties about 2025 impacted investor sentiment. Despite recent weakness, 2024 saw strong gains for U.S. equities. Major sectors like technology and consumer discretionary posted nearly 30% gains. Boeing shares fell after an air accident in South Korea.