US open: Stocks trade down early in the session

(Sharecast News) - Stocks on Wall Street were registering a third successive decline on the next-to-last trading session of 2024, amidst a general recognition that Santa Claus had left equities high and dry this year. As of 1556 BST, the Dow Jones Industrials Average was falling by 558.71 points or 1.29% to 42,431.01, alongside a 78.55 point or 1.33% decline on the S&P 500 to 5,891.17.

The Nasdaq-100 was down by 286.66 points or 1.44% to 19,437.08.

Shares of Boeing were in the spotlight following a catastrophic emergency landing by a South Korean Jeju Air 737-800 on Sunday whose landing gears failed to deploy after a bird strike.

Only two passengers survived.

The country's authorities ordered a "special safety inspection" of all Boeing 737-800s.

Nonetheless, budget airline Jeju was known to be the most heavily-fined carrier in South Korea since 2020. Reports also indicated that Jeju had pushed the aircraft involved in the incident hard before the accident.

Market News International's Chicago Business Barometer slipped by 3.3 points from the month before to reach 36.9 in December (consensus: 42.8).

Dow Jones - Risers

Dowdupont Inc. (DWDP) $0.00 0.00% Chevron Corp. (CVX) $142.83 -0.81% Coca-Cola Co. (KO) $61.94 -0.82% Amgen Inc. (AMGN) $260.15 -0.95% Verizon Communications Inc. (VZ) $39.47 -1.13% Johnson & Johnson (JNJ) $143.35 -1.17% Unitedhealth Group Inc. (UNH) $503.94 -1.19% Merck & Co. Inc. (MRK) $98.49 -1.21% Travelers Company Inc. (TRV) $238.42 -1.24% Walt Disney Co. (DIS) $110.16 -1.25%

Dow Jones - Fallers

Boeing Co. (BA) $174.31 -3.55% Walgreens Boots Alliance, Inc. (WBA) $9.33 -2.99% Intel Corp. (INTC) $19.80 -2.46% Nike Inc. (NKE) $74.68 -2.27% International Business Machines Corporation (CDI) (IBM) $218.04 -2.13% American Express Co. (AXP) $295.26 -1.92% Cisco Systems Inc. (CSCO) $58.53 -1.82% Dow Chemical Co. (DOW) $39.31 -1.80% Salesforce.Com Inc. (CRM) $332.35 -1.80% Apple Inc. (AAPL) $251.21 -1.71%

S&P 500 - Risers

Coterra Energy Inc. (CTRA) $25.15 2.05% Devon Energy Corp. (DVN) $31.68 1.55% Bath & Body Works, Inc. (BBWI) $38.46 0.73% Advance Auto Parts (AAP) $44.30 0.54% Diamondback Energy Inc. (FANG) $158.77 0.27% Occidental Petroleum Corp. (OXY) $48.67 0.24% National Oilwell Varco Inc. (NOV) $14.49 0.14% Dollar Tree Inc (DLTR) $76.06 0.09% Nvidia Corp. (NVDA) $137.11 0.07% Svb Financial Group (SIVB) $106.04 0.00%

S&P 500 - Fallers

VF Corp. (VFC) $20.58 -5.44% Foot Locker Inc. (FL) $21.82 -4.63% Macy's Inc. (M) $16.76 -4.45% Cognizant Technology Solutions Corp. (CTSH) $75.72 -4.39% Kohls Corp. (KSS) $13.75 -4.25% Under Armour, Inc. (UA) $7.24 -4.17% United Airlines Holdings Inc (UAL) $95.64 -4.02% Under Armour Inc. Class A (UAA) $8.05 -3.94% CenturyLink Inc. (LUMN) $5.28 -3.92% Hanesbrands Inc. (HBI) $7.92 -3.83%

Nasdaq 100 - Risers

Dollar Tree Inc (DLTR) $76.06 0.09% Nvidia Corp. (NVDA) $137.11 0.07% Mylan Inc. (MYL) $0.00 0.00% Shire Plc Ads (SHPG) $0.00 0.00% Activision Blizzard Inc. (ATVI) $94.42 0.00% Dish Network Corp. (DISH) $5.77 0.00% Citrix Systems Inc. (CTXS) $103.90 0.00% Celgene Corp. (CELG) $0.00 0.00% Xilinx Inc. (XLNX) $0.00 0.00% Alexion Pharmaceuticals Inc. (ALXN) $0.00 0.00%

Nasdaq 100 - Fallers

Cognizant Technology Solutions Corp. (CTSH) $75.72 -4.39% Micron Technology Inc. (MU) $85.37 -3.68% Broadcom Inc. (AVGO) $233.56 -3.39% Wynn Resorts Ltd. (WYNN) $85.80 -3.25% Align Technology Inc. (ALGN) $204.67 -3.20% Baidu Inc. (BIDU) $83.98 -3.03% Walgreens Boots Alliance, Inc. (WBA) $9.33 -2.99% eBay Inc. (EBAY) $60.98 -2.91% Tesla Inc (TSLA) $419.27 -2.87% Western Digital Corp. (WDC) $58.99 -2.81%