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The US Stock Market Fell

» Published: November 12 2024

The US Stock Market Fell
Photo: Paul Sakuma/AP-TT

The index movements were relatively small on Tuesday's New York Stock Exchange after a period of strong gains. The broad S&P 500 index fell 0.3 percent, the technology-heavy Nasdaq composite index retreated 0.1 percent, and the Dow Jones industrial index lost 0.9 percent.

Among others, electric car manufacturer Tesla weighed heavily, which had gone extremely well after the presidential election in the USA. Now the share fell 6.1 percent, the first decline after Donald Trump's victory.

A counterweight was Live Nation Entertainment. The concert organizer presented, like many other American companies, an interim report where the profit was better than analysts had expected. According to the company, which owns the ticket giant Ticketmaster, customers worldwide are willing to pay more to listen to their favorite artists. The Live Nation share rose 4.7 percent.

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By TTThis article has been altered and translated by Sweden Herald
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