Stock Market Today: Wall Street Slumps to Start 2024 and Gives Back Some of Last Year’s Big Gains

Stock Market Today: Wall Street Slumps to Start 2024 and Gives Back Some of Last Year’s Big Gains
A street sign in front of the New York Stock Exchange in New York on June 14, 2022. Seth Wenig/AP Photo
The Associated Press
Updated:
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NEW YORK—A weak start to 2024 had Wall Street on Tuesday giving back a bit of its powerful gains from the year before.

The S&P 500 slipped 27.00 points, or 0.6 percent, to 4,742.83 after coming into the year at the brink of its all-time high. The Dow Jones Industrial Average edged up 25.50, or 0.1 percent, to 37,715.04, and the Nasdaq composite led the market lower with a drop of 245.41, or 1.6 percent, to 14,765.94.