New Straits Times on Nostr: Wall Street ends lower on first trading session of 2025; Tesla weighs ========== Wall ...
Wall Street ends lower on first trading session of 2025; Tesla weighs
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Wall Street closed lower on January 3, 2025, with the Dow Jones Industrial Average falling 151.95 points (0.36%) to 42,392.27; the S&P 500 lost 13.08 points (0.22%) to 5,868.55; and the Nasdaq Composite decreased by 30.00 points (0.16%) to 19,280.79. Tesla shares dropped 6.1% after reporting its first annual decline in deliveries. The Labor Department reported a decrease in initial and continuing unemployment claims, indicating a solid labor market. Market analysts expect choppy trading until upcoming employment data and fourth-quarter earnings are released. The S&P 500 and Nasdaq have experienced five consecutive sessions in the red, marking their longest losing streak since mid-April 2024. In 2024, Wall Street's main indexes had double-digit gains, driven by the Federal Reserve's rate cuts and expectations of pro-business policies from the incoming Trump administration.
#WallStreet #Tesla #StockMarket #Economy #LaborMarket #DonaldTrump #S&p500 #Nasdaq #FederalReserve #Unemployment
https://www.nst.com.my/business/corporate/2025/01/1155880/wall-street-ends-lower-first-trading-session-2025-tesla-weighs
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Wall Street closed lower on January 3, 2025, with the Dow Jones Industrial Average falling 151.95 points (0.36%) to 42,392.27; the S&P 500 lost 13.08 points (0.22%) to 5,868.55; and the Nasdaq Composite decreased by 30.00 points (0.16%) to 19,280.79. Tesla shares dropped 6.1% after reporting its first annual decline in deliveries. The Labor Department reported a decrease in initial and continuing unemployment claims, indicating a solid labor market. Market analysts expect choppy trading until upcoming employment data and fourth-quarter earnings are released. The S&P 500 and Nasdaq have experienced five consecutive sessions in the red, marking their longest losing streak since mid-April 2024. In 2024, Wall Street's main indexes had double-digit gains, driven by the Federal Reserve's rate cuts and expectations of pro-business policies from the incoming Trump administration.
#WallStreet #Tesla #StockMarket #Economy #LaborMarket #DonaldTrump #S&p500 #Nasdaq #FederalReserve #Unemployment
https://www.nst.com.my/business/corporate/2025/01/1155880/wall-street-ends-lower-first-trading-session-2025-tesla-weighs