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S&P, Nasdaq end down on first session of 2024 as Apple, big tech weighs

Published by
Reuters

By David French (Reuters) -The S&P 500 and Nasdaq Composite ended the first trading session of 2024 lower, weighed by Apple shares falling after a broker downgrade and declines among other big-tech names triggered by a move higher by Treasury yields. The lackluster session follows a year where Wall Street’s three major indexes notched double-digit gains on the back of optimism around artificial intelligence and stabilizing inflation. The S&P 500 ended last week within 1% of a record closing high reached in early 2022. However, equities were pressured on Tuesday as U.S. Treasury yields climbed,…

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