US open: Stocks skid into year-end

(Sharecast News) - Wall Street was trading lower at the end of the next-to-last week of 2024, albeit on holiday-thinned volumes.

Dragging on investor sentiment was the recent move higher in 10-year US Treasury note yields due to the perceived risk of higher inflation resulting from the uncertainty around the incoming Trump administration's policy proposals thus far.

As of 1631 BST, the Dow Jones Industrials was trading down by 0.76% to 42,996.65, whilst the S&P 500 was off by 1.13% at 5,969.03.

The Nasdaq Composite was 1.66% lower to 19,689.23 and the Russell 2000 index of small-cap stocks by 1.58% to 2,244.25.

Yields on the benchmark 10-year US Treasury meanwhile had come off its session highs and was only a tad higher at 4.60%, against a 52-week high of 4.741%.

Crude oil futures were moving modestly higher whilst the US dollar spot index was dipping slightly.

On the economic front on Friday, the US foreign trade shortfall on goods widened at a month-on-month pace of 4.7% in November to reach $102.9bn (consensus: $100.9bn).

Separately, the Department of Commerce reported that wholesale inventories fell by 0.2% over the month (consensus: 0.2%).

Dow Jones - Risers

Chevron Corp. (CVX) $144.30 0.22% Johnson & Johnson (JNJ) $145.69 0.08% Coca-Cola Co. (KO) $62.58 0.01% Dowdupont Inc. (DWDP) $0.00 0.00% Boeing Co. (BA) $180.24 -0.08% McDonald's Corp. (MCD) $294.54 -0.09% Dow Chemical Co. (DOW) $40.18 -0.10% Procter & Gamble Co. (PG) $169.94 -0.13% Merck & Co. Inc. (MRK) $99.70 -0.17% Verizon Communications Inc. (VZ) $39.81 -0.39%

Dow Jones - Fallers

Microsoft Corp. (MSFT) $428.26 -2.25% Apple Inc. (AAPL) $254.37 -1.80% Walmart Inc. (WMT) $91.34 -1.56% Intel Corp. (INTC) $20.14 -1.49% International Business Machines Corporation (CDI) (IBM) $221.81 -1.37% Salesforce.Com Inc. (CRM) $337.13 -1.34% Goldman Sachs Group Inc. (GS) $573.72 -1.29% Walt Disney Co. (DIS) $111.18 -1.22% American Express Co. (AXP) $300.70 -1.08% Caterpillar Inc. (CAT) $363.80 -0.90%

S&P 500 - Risers

Lamb Weston Holdings, Inc. (LW) $67.55 3.48% National Oilwell Varco Inc. (NOV) $14.61 1.25% Apache Corp. (APA) $22.09 1.14% Occidental Petroleum Corp. (OXY) $48.71 1.06% Devon Energy Corp. (DVN) $31.40 0.93% Starbucks Corp. (SBUX) $92.66 0.87% Schlumberger Ltd. (SLB) $38.05 0.85% Dollar General Corp (DG) $76.25 0.82% Coterra Energy Inc. (CTRA) $24.74 0.63% Archer-Daniels-Midland Co. (ADM) $50.92 0.61%

S&P 500 - Fallers

Nektar Therapeutics (NKTR) $0.91 -4.34% Ipg Photonics Corp. (IPGP) $73.91 -3.27% Norwegian Cruise Line Holdings Ltd (NCLH) $25.56 -2.98% Nvidia Corp. (NVDA) $135.93 -2.86% Kohls Corp. (KSS) $14.43 -2.83% Broadcom Inc. (AVGO) $238.44 -2.82% Netflix Inc. (NFLX) $898.58 -2.77% Carnival Corp. (CCL) $24.96 -2.74% CenturyLink Inc. (LUMN) $5.51 -2.73% Macy's Inc. (M) $17.65 -2.51%

Nasdaq 100 - Risers

Starbucks Corp. (SBUX) $92.66 0.87% Kraft Heinz Co. (KHC) $30.69 0.47% Mondelez International Inc. (MDLZ) $60.05 0.33% Vodafone Group Plc ADS (VOD) $8.44 0.24% Illumina Inc. (ILMN) $135.04 0.06% Maxim Integrated Products Inc. (MXIM) $0.00 0.00% Dish Network Corp. (DISH) $5.77 0.00% Cerner Corp. (CERN) $0.00 0.00% Mylan Inc. (MYL) $0.00 0.00% Alexion Pharmaceuticals Inc. (ALXN) $0.00 0.00%

Nasdaq 100 - Fallers

Qurate Retail Inc. (QRTEA) $0.34 -5.63% Tesla Inc (TSLA) $433.83 -4.47% JD.com, Inc. (JD) $34.96 -3.24% Nvidia Corp. (NVDA) $135.93 -2.86% Broadcom Inc. (AVGO) $238.44 -2.82% Trip.com Group Limited (TCOM) $71.01 -2.81% Netflix Inc. (NFLX) $898.58 -2.77% Amazon.Com Inc. (AMZN) $221.54 -2.43% Fastenal Co. (FAST) $72.63 -2.41% Microsoft Corp. (MSFT) $428.26 -2.25%