Stock market today: Wall Street slips in final days of a banner year for US stocks
1 week, 3 days ago

Stock market today: Wall Street slips in final days of a banner year for US stocks

Associated Press  

U.S. stocks closed broadly lower Monday as a banner year on Wall Street looked set to finish on a sour note. Wall Street expects companies within the S&P 500 to report broad earnings growth of more than 9% for the year, according to FactSet. Wall Street was encouraged by cooling inflation throughout the year that had brought the rate of inflation close to the Federal Reserve’s 2% target. While U.S. stock indexes have historically gotten a boost at year’s end —- often referred to as a ‘Santa Claus’ rally — the recent market declines put a damper on that.

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