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Wall Street Slips as Tech Stocks Weigh Down Major Indices

Wall Street's major indices closed lower, driven by declines in tech stocks and wary investor sentiments ahead of holiday trading.

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U.S. stock indexes fell on Thanksgiving Eve as losses in technology stocks, particularly Nvidia, Microsoft, and Dell, pulled the market down. The S&P 500, Dow, and Nasdaq all recorded losses, ending a recent upward trend. Economic data continued to show solid consumer spending but indicated that inflation had stalled, prompting discussions about the Federal Reserve's future rate policies. President-elect Trump's proposed tariffs also stirred concerns about potential inflation, influencing market dynamics. The market will remain closed for Thanksgiving before reopening for a half-day on Friday.

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How major US stock indexes fared Wednesday, 11/27/2024
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