Markets on Wall Street started the final month of 2024 with a slight dip before the opening bell on Monday, aiming to maintain the momentum from November's strong performance. Futures for the S&P 500 and the Dow Jones Industrial Average showed marginal declines of less than 0.1% prior to the market opening. Both indexes had closed out November with their most impressive gains of the year.
Stellantis, the world's fourth-largest automaker, experienced an 8.6% drop in its shares following the announcement of CEO Carlos Tavares stepping down after nearly four years at the helm. The company, formed through the merger of PSA Peugeot and Fiat Chrysler Automobiles, recently disclosed plans to lay off around 1,100 workers at its Jeep factory in Ohio due to sales challenges and inventory issues.
