
The stock market experienced a downturn on the last trading day of the week, with the Dow Jones Industrial Average dropping over 300 points amid a sell-off in technology stocks. The Nasdaq Composite fell by 1.58%, while the S&P 500 lost 1.12%. This decline was attributed to a lack of faith among investors, as noted by UBS senior portfolio manager Alan Rechtschaffen, citing uncertainty around trade and productivity. Additionally, a rise in the 10-year Treasury yield above 4.6% contributed to the market's downturn. Despite the day's losses, the stock market remained in positive territory for the holiday-shortened week. Bitcoin also saw a decline, trading near $94,000 after failing to maintain a rally to $100,000, with analysts warning of potential further drops to $60,000. Bitcoin's price represents a 14% drop from its all-time high, and the Dow tumbled 500 points as the year-end Santa Claus rally failed to ignite.
















