Volatility on the US stock exchange ended sideways

The New York stock exchange started upwards on Thursday but then turned down and closed sideways.

» Published: December 19 2024

Volatility on the US stock exchange ended sideways
Photo: Peter Morgan/AP/TT

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The Dow Jones industrial index, which has fallen for ten days in a row, first rose but ended just above zero. The broad S&P 500 index and the technology-heavy Nasdaq composite index both fell by 0.1 percent.

Some of the seven major tech giants recovered, however, after Wednesday's dip, which came after the central bank Fed signaled fewer interest rate cuts next year. Nvidia, the chip giant, performed best, up 1.4 percent, and Amazon, up 1.3 percent. However, Tesla's decline continued, with the stock falling by 0.9 percent.

Among the losers was also chip manufacturer Micron. The stock fell by more than 16 percent after a weak sales forecast for components for mobile phones and computers, two markets that account for the largest use of the company's chips. On the other hand, sales of components related to artificial intelligence continue to go well.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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