The DJIA fell 1.25% The S&P 500 was down 1.48% The Nasdaq Composite fell 1.47%
Real estate and Industrials led the drop in the market, as energy stocks saw the least change today.
General Market Review
With continued restrictions due to the more contagious Covid strain spreading in the US, airlines are worried about travel demand. American Airlines was down 4% and Boeing fell 5% today.
Although oil prices fell today, energy stocks minimized losses. OPEC+ met to discuss raising oil production today, but some countries wanted to leave production as it is. ExxonMobil was up .63%.
Tesla added over 3% as the company delivered a record number of vehicles in the fourth quarter. Actual deliveries were just 450 vehicles short of Musk’s estimates. Most other tech stocks ended in the red today, with the Fab 5 down about 2%.