US Wall Street fell on Tuesday as the bullish momentum driven by tech stocks began to show signs of wear and tear.
Despite a positive pattern on Monday, US consumer confidence survey data disrupted that pattern, marking the first decline in three months.
This has raised concerns among investors as they were expecting a positive end to the market's economic trajectory this year.
Investors are paying close attention to the Federal Reserve's (Fed) outlook for 2025, with expectations leaning towards fewer rate cuts than previously expected.
At the same time, recent reports showing moderate inflation offered some relief.
Trading activity is expected to be slow as the New York Stock Exchange (NYSE) prepares for an early close for Christmas.
Honda led US stocks to jump 13% following the announcement of bold plans to acquire Nissan, a move that could significantly reshape the auto industry.
Meanwhile, Rumble, saw its shares rise 8% after securing a $775 million investment from Tether.
