Dow falls
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Major stock indexes finished lower to begin the last full trading week of the year, with AI-tied shares again weighing on the Nasdaq.
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The Dow shed more than 400 points, falling 0.9% after attempting to reverse its opening loss. The S&P 500 slipped 0.8%, with Pfizer down 5% following missed guidance. The tech-heavy Nasdaq composite posted a 0.5% loss after a small gain earlier. The small cap Russell 2000 also gave back early gains and fell 0.7% in afternoon trade.
U.S. stocks remained mostly lower in the final hour of trading on Tuesday — with the Dow Jones Industrial Average falling over 300 points, or 0.7%, to trade near 48,085 as of 3:02 p.m. Eastern time, according to FactSet data.
The Nasdaq Composite rallied late on Tuesday to snap its losing streak at three days. The tech-heavy index rose 0.2% after falling nearly 0.6% at its low earlier in the day. The S&P 500 dipped 0.2%. The Dow Jones Industrial Average fell 302 points, or 0.6%.
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