Traders work on the floor at the New York Stock Exchange on December 10, 2024.
Brendan McDermid | Reuters
On Monday, the Dow Jones Industrial Average and the S&P 500 both fell. This is the beginning of a short trading week before Christmas.
The Dow went down by 270 points. The S&P 500 dropped by 0.2%. The Nasdaq Composite stayed about the same.
This week, trading will be quiet. The New York Stock Exchange will close early on Tuesday at 1 p.m. ET. It will be closed on Christmas Day.
Bad economic news made people worried. The consumer confidence index fell to 104.7, which is lower than expected. Orders for durable goods also fell by 1.1% in November.
This month, the Dow is down 4.6%. The S&P 500 is down 1.7%. However, the Nasdaq Composite is up by 1.8%.
Investors hope for a “Santa Claus rally” at the end of the year. This is a time when the stock market often goes up.
Vocabulary List:
- Average /ˈæv.ər.ɪdʒ/ (noun): A number that represents the central or typical value in a set of data.
- Dropped /drɒpt/ (verb): To fall or decrease suddenly.
- Economic /ˌiː.kəˈnɒm.ɪk/ (adjective): Related to the production distribution and consumption of goods and services.
- Confidence /ˈkɒn.fɪ.dəns/ (noun): The feeling or belief that one can rely on someone or something.
- Durable /ˈdʒʊə.rə.bəl/ (adjective): Able to withstand wear pressure or damage; sturdy.
- Investors /ɪnˈvɛstərz/ (noun): People or organizations that allocate money with the expectation of a financial return.
How much do you know?
What caused worry among people according to the article?
Which index went down by 270 points?
What event is the article highlighting as a potential market trend at the end of the year?
What percentage is the S&P 500 down this month?
When will the New York Stock Exchange close early this week?
Which market stayed relatively unchanged in the article?
The New York Stock Exchange will be closed on Christmas Day according to the article.
The Nasdaq Composite is down this month according to the article.
The Dow Jones Industrial Average saw a slight drop according to the article.
The consumer confidence index rose according to the article.
Orders for durable goods increased in November according to the article.
The article mentions that the stock market could experience a Santa Claus rally at the end of the year.
The Dow is down by this month according to the article.
The consumer confidence index fell to according to the article.
The New York Stock Exchange will close early on Tuesday at ET according to the article.
Orders for durable goods fell by in November according to the article.
The S&P 500 is down by this month according to the article.
Investors are hoping for a "Santa Claus rally" at the end of the year to boost the according to the article.
