Wall Street veered lower on Monday in light volume at the top of a holiday-shortened week in the second-to-last trading session of an eventful year in which all three indexes posted strong double-digit gains.

Wall Street is retreating in light premarket trading as the year draws to a close, lacking the euphoria that pushed markets to record highs in 2024

Wall Street analysts are overwhelmingly bullish on potential stock-split stock MercadoLibre; the median 12-month target price implies 35% upside. MercadoLibre operates the largest e-commerce marketplace in Latin America and is the largest retail media advertising company in the region.

The Wall Street opened on a negative note on Monday, with the broader index, S&P 500, dipping by 1.23% to 5,897.10 points and the tech-heavy Nasdaq Composite falling 1.44% to 19,438.76 points. The 30-stock Dow Jones Industrial Average slipped by 0.77% to 42,992.21 at the opening bell.

Dividend stocks can be your best friend in retirement -- especially when their payouts allow you to cover your living expenses without selling shares. The company has grown its earnings at a 4.4% annualized pace over the past five years, and analysts estimate it will grow them by 3.5% annually over the next three to five years.

Nvidia, the superstar stock that’s been a big reason for Wall Street’s run to repeated records this year, fell 1.2% to weigh on the market. It’s the eighth loss in nine days for the stock, which has dropped more than 12% from its record set last month, as its moonshot momentum slows.