Mumbai: Along with Indian stock markets, American markets also got shaken today. Before the end of the year 2024, a decline was seen in many shares today. The US’s huge debt burden as well as credit card loan defaulters reaching the highest level since 2010 were among the negative factors; the Dow Jones fell 765 points to 42228 and the Nasdaq index fell 335 points to 19387.
In the current market, only eight of the S&P 500 stocks were positive, with the remaining 492 stocks trading negative. Which has been the weakest trading day after September 2022. Before the end of 2024, the US stock markets crashed with the news that the number of people defaulting on credit card debt in the United States has reached the highest level since 2010 and the United States is facing a worrying debt burden. The situation is increasing. Amidst this huge debt burden and geopolitical challenges, funds started moving in bullish trade amid speculations about what would be the policy of Donald Trump coming to power in America and how it would cause turmoil in the financial system. With the corporate world. US Treasury Secretary Janet Yellen also soon again expressed concerns about the US debt ceiling at $36.1 trillion, resulting in panic selling in US markets.
Shares of Boeing Company fell 3.75 percent to $173.95 at the time of writing in the US stock markets tonight following the crash of South Korean airline Jeju Air Company’s Boeing 737-800 and its investigation. Apple’s share price fell 2.5 percent to close at $251, Nvidia fell 1.59 percent, Microsoft’s share price rose 0.71 percent to close at $138. At the close of $423.7, Amazon fell two per cent to $219, Tesla fell 2.66 per cent to $419.72, Meta Platform fell 1.85 per cent to $588.76.
