Home Money & Business Business Performance of Key US Stock Indices on Thursday, January 2, 2025

Performance of Key US Stock Indices on Thursday, January 2, 2025

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U.S. stock markets opened 2025 on a downward trend.
The S&P 500 experienced a decline of 0.2% on Thursday, signaling its first consecutive five-day drop since April.
Similarly, the Dow Jones Industrial Average witnessed a decrease of 0.4% after an initial rise, and the Nasdaq composite also fell by 0.2%.

Tesla shares took a hit following a recent update regarding its delivery performance.
Nevertheless, energy sector stocks helped cushion the market’s overall losses, buoyed by an uptick in crude oil and natural gas prices.
Meanwhile, Treasury yields remained relatively stable in the bond market after the release of a positive report concerning the job market in the U.S.

On Thursday’s trading session, the S&P 500 dropped 13.08 points, translating to a 0.2% decrease, ending the day at 5,868.55.
The Dow Jones Industrial Average declined by 151.95 points, or 0.4%, closing at 42,392.27.
The Nasdaq composite fell by 30 points, equating to a 0.2% decrease, to finish at 19,280.79.
However, the Russell 2000 Index, which tracks smaller businesses, saw a slight uptick, rising by 1.51 points, or 0.1%, to close at 2,231.67.

In terms of weekly performance, the S&P 500 has lost 102.29 points, representing a 1.7% drop.
The Dow has decreased by 599.94 points, reflecting a 1.4% decline.
The Nasdaq has fallen by 441.24 points, marking a 2.2% downturn.
Finally, the Russell 2000 Index is down 12.92 points, or 0.6%, for the week.