New York Stock Exchange Closes Friday Lower
The Dow Jones Industrial Average shed 0.04%—a 20.19-point retreat—settling at 48,710.97 points by the closing bell.
The Nasdaq slipped 0.09%, shedding 20.21 points to finish at 23,593.01, while the S&P 500 edged down 0.03%, losing 2.11 points to close at 6,929.94.
US equity markets, which remained shuttered Thursday for the Christmas holiday, resumed operations Friday with subdued activity across all major exchanges.
Market analysts attributed the lackluster performance to characteristically light trading volumes that persist during the post-Christmas period—a pattern that typically continues through the year-end holidays.
Tech Sector Sees Mixed Movement
Despite broader market weakness, technology heavyweight Nvidia bucked the downward trend, advancing 1% after disclosing a licensing partnership with chip startup Groq focused on inference technology—a critical component in artificial intelligence processing capabilities.
The Nvidia-Groq collaboration represents a strategic expansion of the semiconductor giant's intellectual property monetization efforts as competition intensifies in the AI chip marketplace.
Friday's muted trading activity reflects typical year-end investor behavior, with many institutional traders and portfolio managers maintaining reduced positions as the calendar year draws to a close.
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