Stocks on the Move: Dow Inching Higher, S&P 500 Extends Losing Streak
On January 4, 2024, the stock market saw the Dow Jones Industrial Average inching higher ahead of the jobs report, while the S&P 500 extended its losing streak. The market open witnessed the S&P 500 making gains, with the Dow Jones Industrial Average up by 0.4% and the S&P 500 by 0.2%. However, the Nasdaq Composite was down by 0.2%.
Among the morning’s biggest losers were semiconductor companies, particularly NXP Semiconductors and ON Semiconductor Corporation, both experiencing a 5% decline.
The Dow Jones Industrial Average closed at 37443.64, marking a 0.06% decrease, while the S&P 500 reached 4731.80, reflecting a 0.74% increase. The Nasdaq Composite stood at 14752.52, showing a 1.57% rise.
Amidst the market movements, Bitcoin surged by 5.25% to reach 46618.44, while Crude Oil experienced a 4.63% decline, settling at 70.39. The Dollar Index also saw a slight decrease of 0.13% to reach 102.28.
Overall, the stock market on January 4, 2024, demonstrated mixed movements across different indices, with the Dow inching higher and the S&P 500 extending its losing streak.
