S&P 500 closes slightly lower as stocks' early 2024 struggles linger
(Image by Sergei Tokmakov, Esq. Terms.Law from Pixabay)
(CNBC) -- The S&P 500 trimmed an earlier decline Tuesday, boosted by tech shares, but still ended the day with modest losses.
The broad market index closed lower by 0.15% to end at 4,756.50. At its lows of the day, the benchmark had dropped 0.7%. The Dow Jones Industrial Average lost 157.85 points, or 0.42%, to close at 37,525.16 after being down by roughly 310 points at the session lows. The Nasdaq Composite recovered from a nearly 0.9% slide and eked out a gain of 0.09%, settling at 14,857.71.
Nvidia traded 1.7% higher, reaching a fresh all-time high. Amazon was also up more than 1.5% along with Alphabet. Shares of Juniper Networks also popped almost 22% on Tuesday after a report in The Wall Street Journal said Hewlett Packard Enterprise could announce a deal to acquire the networking hardware company for about $13 billion as soon as this week.
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