How major US stock indexes fared Tuesday, 12/31/2024

Stock indexes closed mostly lower on Wall Street on the final day of another record-setting year. The S&P 500 slipped 0.4% Tuesday, but still managed to rack up a gain of 23.3% for the year, its second straight year with gains of more than 20%. The last time it had back-to-back yearly gains that big was 1998. The Dow Jones Industrial Average slipped 0.1%, and the Nasdaq composite lost 0.9%. Big Tech stocks led this year’s rally, pushing the Nasdaq composite to a yearly gain of 28.6%. The Dow, which is far less weighted with tech, rose 12.9% for the year.