US stocks ended Friday with losses, capping a sluggish week despite a year of historic highs, as the Dow fell 333 points (0.78%), the S&P 500 dropped 1.1%, and the Nasdaq Composite declined 1.5%. Big Tech stocks, including Tesla, Amazon, Alphabet, Microsoft, and Nvidia, saw notable selloffs, reflecting the market’s heavy reliance on the “Magnificent Seven” tech leaders, which have driven much of this year’s gains. Analysts warn that the market’s narrow leadership poses risks, as any stumble from these key players could result in broader downturns. Bitcoin’s recent surge also slowed, with its price dropping to $94,000, while rising Treasury yields and thin holiday-week trading volumes contributed to market volatility. Despite recent fluctuations, experts like Anthony Valeri suggest maintaining equity exposure in 2025, as stocks are expected to outperform bonds and remain a strong hedge against inflation. Continue here.
