S&P 500 closes slightly lower as stocks’ early 2024 struggles linger

By Around the Web

(Image by Sergei Tokmakov, Esq. Terms.Law from Pixabay)
(Image by Sergei Tokmakov, Esq. Terms.Law from Pixabay)

(CNBC) — The S&P 500 trimmed an earlier decline Tuesday, boosted by tech shares, but still ended the day with modest losses.

The broad market index closed lower by 0.15% to end at 4,756.50. At its lows of the day, the benchmark had dropped 0.7%. The Dow Jones Industrial Average lost 157.85 points, or 0.42%, to close at 37,525.16 after being down by roughly 310 points at the session lows. The Nasdaq Composite recovered from a nearly 0.9% slide and eked out a gain of 0.09%, settling at 14,857.71.

Nvidia traded 1.7% higher, reaching a fresh all-time high. Amazon was also up more than 1.5% along with Alphabet. Shares of Juniper Networks also popped almost 22% on Tuesday after a report in The Wall Street Journal said Hewlett Packard Enterprise could announce a deal to acquire the networking hardware company for about $13 billion as soon as this week.

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