Market Highlights

US stocks slipped for a second straight day as traders trimmed bets on tech megacaps before the end of the year. Volatility gripped precious metals as silver retreated after touching a record high. The S&P 500 fell 0.3%, with shares of Tesla Inc., Nvidia Corp. and Meta Platforms among the Big Tech decliners. The Nasdaq 100 slid 0.5%. In US government bonds, the yield on 10-year Treasuries edged lower to 4.11%. Global stocks struggled for momentum amid a lack of positive catalysts heading into the end of the year. Silver and gold regained their footing after a plunge from fresh all-time highs.