Stock Market Update
03-Jan-25 12:35 ET
X shares slide after White House decision
Dow +256.36
at 42648.63,
Nasdaq +257.19
at 19537.98,
S&P +57.64
at 5926.19
[BRIEFING.COM] The S&P 500 is about 20 points below its 50-day moving average (5,944), showing a 1.0% gain.
Shares of US Steel (X 30.76, -1.84, -5.6%) are under pressure again today after the White House confirms that President Biden will block Nippon Steel takeover of US Steel. Nippon Steel Corporation and US Steel released a statement condemning the U.S. Government’s decision to block proposed acquisition of U. S. Steel, calling it unlawful.
Many stocks remain in positive territory. The equal-weighted S&P 500 trades 0.7% higher.
