{"id":94445,"date":"2023-12-21T00:22:02","date_gmt":"2023-12-20T20:22:02","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=94445"},"modified":"2023-12-21T00:25:57","modified_gmt":"2023-12-20T20:25:57","slug":"us-stocks-retreat-on-profit-taking","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/us-stocks-retreat-on-profit-taking\/12\/21\/market-updates\/","title":{"rendered":"US stocks retreat on profit taking"},"content":{"rendered":"\n<p>Stocks experienced a decline on Wednesday due to investors cashing in profits following the market&#8217;s recent hot streak. FedEx, the largest laggard in the S&amp;P 500, lost over 10% due to disappointing revenue outlooks and disappointing second-quarter results. <\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>The , a price-weighted index of 20 stocks, also fell by 0.9%. Google-parent Alphabet was among the best performers in the S&amp;P 500, reaching a new 52-week high.<br><br>On Tuesday, stocks rose broadly, with the Dow advanced 251.90 points or 0.68% and the Nasdaq Composite jumping 0.66% to close above the 15,000 level for the first time since January 2022. The Dow closed at a fresh record high, while the S&amp;P 500 gained 0.59%.<br><br>All three major averages are headed for a winning December and 2023 as stocks build on the recent rally and investors look forward to proposed rate cuts from the Federal Reserve in the new year. The S&amp;P 500 has risen more than 4% this month and more than 24% year to date, while the Dow has added more than 4% and 13%, respectively.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stocks experienced a decline on Wednesday due to investors cashing in profits following the market&#8217;s recent hot streak. FedEx, the largest laggard in the S&amp;P 500, lost over 10% due to disappointing revenue outlooks and disappointing second-quarter results. The , a price-weighted index of 20 stocks, also fell by 0.9%. Google-parent Alphabet was among the &hellip;<\/p>\n","protected":false},"author":13,"featured_media":56368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7192,8060,516],"class_list":["post-94445","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-dow","tag-profit-taking","tag-sp-500"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/94445","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=94445"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/94445\/revisions"}],"predecessor-version":[{"id":94451,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/94445\/revisions\/94451"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/56368"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=94445"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=94445"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=94445"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}