Market Recap – S&P 500 Experiences First Decline Since Election
The S&P 500 posted a 0.3% decline on Tuesday, marking its first down day since the recent election. The Dow Jones Industrial Average shed over 350 points, finishing the session 0.9% lower, while the Nasdaq Composite slipped by 0.1%. The S&P 500 closed at 5,983.99, down 17.36 points, a decrease of 0.29%.
Top Performers
Adobe’s recent 4.4% rise is attributed to the launch of innovative AI tools that enable users to generate and modify images using Adobe’s stock photo library. The tools allow for edits on existing stock images, with mechanisms in place to ensure original creators receive compensation, a feature that has driven positive market sentiment around the stock.
Bottom Performers
The S&P 500 posted a 0.3% decline on Tuesday, marking its first down day since the recent election. The Dow Jones Industrial Average shed over 350 points, finishing the session 0.9% lower, while the Nasdaq Composite slipped by 0.1%. The S&P 500 closed at 5,983.99, down 17.36 points, a decrease of 0.29%.
Top Performers
- Tyson Foods Inc. (TSN): Shares closed at $62.66, gaining 3.85 points or 6.55%.
- Honeywell International Inc. (HON):Closed at $233.91, up 8.67 points, or 3.85%.
- Adobe Inc. (ADBE): Closed at $526.42, advancing by 21.94 points, or 4.35%.
Adobe’s recent 4.4% rise is attributed to the launch of innovative AI tools that enable users to generate and modify images using Adobe’s stock photo library. The tools allow for edits on existing stock images, with mechanisms in place to ensure original creators receive compensation, a feature that has driven positive market sentiment around the stock.
Bottom Performers
- Super Micro Computer Inc. (SMCI): Closed at $21.70, down 1.53 points, or 6.59%.
- Tesla Inc. (TSLA): Closed at $328.49, falling 21.51 points, or 6.15%.