New York, NY – Investors took a cautious approach as U.S. equities dipped midday on Monday, possibly trying to secure gains from a strong 2024 performance before the year’s end. Major indices like the Dow Jones Industrial Average, S&P 500, and Nasdaq all experienced around a 1% decline.

Boeing faced challenges in the market after South Korea initiated inspections of its 737-800 aircraft following a tragic crash that claimed the lives of 179 individuals during a Jeju Air flight over the weekend.

MicroStrategy encountered a significant drop in stock value as the leading holder of bitcoin announced the sale of over 592,000 shares, using the $209 million acquired to invest further in cryptocurrency.

Archer Aviation witnessed a decline in share prices when the eVTOL aircraft manufacturer associated with United Airlines decided to double the number of common stocks available and modify board membership requirements.

Energy companies such as EQT and Coterra Energy thrived as natural gas prices surged due to anticipated high demand driven by upcoming cold weather in both the U.S. and Europe.

Nvidia stood out in the Dow as the sole stock experiencing growth, with shares rising after finalizing the acquisition of an Israel-based AI infrastructure company.

Palladyne AI’s stocks gained momentum after the software robotics firm reported a successful demonstration of its technology’s capabilities in tracking moving targets using drones.

Market movements also saw oil futures rising, gold prices remaining relatively stable, the 10-year Treasury note yield decreasing, and the U.S. dollar showing mixed performance against major currencies. Additionally, major cryptocurrencies saw downward trends in trading.

Overall, the market displayed a mix of fluctuations and growth amid various industry developments and economic indicators, showcasing a dynamic landscape for investors as they navigate the complexities of global markets.