Posted 12/29/2023, 8:10:00 PM
Stocks End 2023 Mostly Lower But Post Strong Gains for the Year; Boeing and Boston Scientific Among Notable Movers
- Major stock indexes closed lower on the last trading day of 2023, but pared losses by the close. The Dow had the strongest weekly gain.
- The Nasdaq posted a small gain for the week and is up over 40% for the year. The S&P 500 rose slightly and gained 24% in 2023.
- Bitcoin miner Marathon Digital plunged over 16%, extending losses after reaching a 52-week high. GigaCloud Technology jumped 1.6% to a new high.
- Medical device maker Boston Scientific anticipates FDA approval for a heart treatment in early 2024. It was the top S&P 500 gainer.
- Boeing's 737 MAX planes are returning to service in China. Its stock is extended after breaking out of a cup base.