Equity Markets Slip on First Trading Day of 2025
U.S. equity markets started the year on a sour note, with major indexes closing lower on Thursday. The S&P 500 and Nasdaq Composite both fell 0.2% to 5,868.6 and 19,280.8, respectively, while the Dow Jones Industrial Average declined 0.4% to 42,392.3.
Sector Performance: Consumer discretionary led losses, while energy stocks posted the biggest gains.
Tesla Slump: Tesla shares tumbled 6.1% after reporting a year-over-year decline in 2024 vehicle deliveries and missing Wall Street's expectations for Q4. Tesla was the worst performer on both the S&P 500 and Nasdaq.
Boeing Drop: Boeing shares fell 2.9%, marking the steepest loss on the Dow and among the worst on the S&P 500.
Top Gainers:
Constellation Energy: Shares surged 8.4% after the company secured a 10-year, $840 million power supply contract for 13 federal agencies.
Nvidia: Shares rose 3% on news of its $1 billion investment in artificial intelligence companies last year.
Texas Pacific Land Corp (TPL): The stock climbed 6.7%, buoyed by its focus on new revenue streams like bitcoin mining and data centers.
Apple Decline: Apple shares dropped 2.6% after announcing discounts on iPhones in China and agreeing to a $95 million settlement over Siri privacy claims.
U.S. equity markets started the year on a sour note, with major indexes closing lower on Thursday. The S&P 500 and Nasdaq Composite both fell 0.2% to 5,868.6 and 19,280.8, respectively, while the Dow Jones Industrial Average declined 0.4% to 42,392.3.
Sector Performance: Consumer discretionary led losses, while energy stocks posted the biggest gains.
Tesla Slump: Tesla shares tumbled 6.1% after reporting a year-over-year decline in 2024 vehicle deliveries and missing Wall Street's expectations for Q4. Tesla was the worst performer on both the S&P 500 and Nasdaq.
Boeing Drop: Boeing shares fell 2.9%, marking the steepest loss on the Dow and among the worst on the S&P 500.
Top Gainers:
Constellation Energy: Shares surged 8.4% after the company secured a 10-year, $840 million power supply contract for 13 federal agencies.
Nvidia: Shares rose 3% on news of its $1 billion investment in artificial intelligence companies last year.
Texas Pacific Land Corp (TPL): The stock climbed 6.7%, buoyed by its focus on new revenue streams like bitcoin mining and data centers.
Apple Decline: Apple shares dropped 2.6% after announcing discounts on iPhones in China and agreeing to a $95 million settlement over Siri privacy claims.