Stocks erased session gains on Thursday to start the first trading day of the new year after Wall Street returned from the holidays.

S&P 500 (^GSPC) fell 0.7 percent after opening in the green, while the Dow Jones Industrial Average (^ DJI) also fell by about 0.7 percent. The tech-heavy Nasdaq Composite (^IXIC) fell 0.9% after markets reopened from Wednesday’s close.

Markets were eyeing a comeback after a Slide at the end of the year dented to start the week A “Santa Claus Rally” is expected. The decline marked a bumpy 2024 for U.S. stocks, with the S&P 500 (^GSPC) post two years in a row of more than 20% gains — something it hasn’t achieved in nearly three decades.

Bond yields and the US dollar index (DX-Y.NYB) continued to march higher on Thursday. The yield on the 10-year Treasury rose nearly 2 basis points to just under 4.6 percent. Meanwhile, the US dollar index rose above 109, its highest level since November 2022.

Tesla (TSLA) shares fell nearly 6 percent after the electric vehicle maker posted First decline in annual shipments Thursday morning. This news was also in focus that A A cyber truck loaded with firework mortars and fuel canisters exploded. On Wednesday in Las Vegas, one person died. The FBI is investigating whether the explosion outside the Trump International Hotel was an act of terrorism.

During the holiday week, US mortgage rates rose to 6.97 percent. The highest level since early Julythe data shows. According to the Mortgage Bankers Association, the gain was in applications for home purchases and debt refinancing.

Weekly unemployment claims fell to their lowest level since April Data released by the Labor Department on Thursday morning showed claims at 211,000, down from last week’s upwardly revised 220,000 level.

On the corporate front, Apple (AAPLShares fell nearly 3 percent after the iPhone maker made a rare offer. Discounts on its latest models In China, reflecting increased competition from local handset makers.

live 12 updates

  •     Josh Shaffer

    The dollar index is at its highest level since November 2022.

    A potential headwind is looming for US stocks.

    The US dollar index rose above 109 on Thursday, its highest level since November 2022. Finally, the increasingly strong US dollar Could act as a headwind for the stock.

    One reason is this. How a Stronger US Currency Affects the CompanyWho do business internationally. If the dollar is strong, foreign sales may hide in a lower U.S. dollar, potentially weighing on earnings.

    And when taking a look at the companies running the S&P 500 (^GSPC) increased revenue in the third quarter, there are many large international exposure. S&P 500 companies with less than half of their revenue in the U.S. grew nearly 14% in the third quarter from a year earlier, FactSet data showed. That has so far outpaced the 1.8 percent increase in revenue for companies that generate more than half of their revenue in the United States.

  • Nineteen ferries

    Why Trump Is Angry About the Coming Debt Limit Fight

    Ben Varshkool of Yahoo Finance Reports:

    New loan limit was established this week, The start of a debate for months to come about how to prevent a government default.

    The parameters of this impending impasse are already making Donald Trump uneasy.

    The problem for the president-elect is how events are conspiring — thanks to the encouragement of both Democrats and far-right Republicans — to allow Trump and his allies to take on new government debt that is inevitable. To take action.

    Read on More here

  •     Josh Shaffer

    Mortgage rates start around 7% in 2025, the highest level since July.

    Mortgage rates continued their hike last week, reaching nearly 7%.

    Yahoo Finance’s Claire Boston reports:

    The average 30-year fixed-rate mortgage rose to 6.91 percent Wednesday through Saturday, up from 6.85 percent as of Dec. 26, according to Freddie Mac Data. The 15-year mortgage rate rose to 6.13 percent from 6 percent a week ago.

    “Mortgage rates hit their highest point in nearly six months, with mortgage rates down just 7 percent,” Freddie Mac chief economist Sam Khatter said in a statement. “Compared to this time last year, rates have increased and the market has continued to slow.”

    This is the third week in a row of rate increases, and the highest level since July.

    Read more here.

  • Nineteen ferries

    FBI says ‘no definitive link’ between New Orleans attack and Las Vegas cyber truck blast

    On Thursday, FBI Deputy Assistant Director Christopher Raya said authorities had found no “definite connection” between Wednesday’s Bourbon Street attack in New Orleans and the Tesla explosion.TSLA) Cybertruck full of fireworks and fuel tanks outside the Trump Hotel in Las Vegas.

    Raya said that at this time there is no definite connection between the attack in New Orleans and Las Vegas. Press conference On Thursday morning, he added that the investigation is still at a very early stage.

    Earlier on Thursday, CNN Reported The suspect in Wednesday’s Las Vegas cyber truck blast was a US Special Forces soldier.

    It was a cyber truck. Rented on an app called Toro.the same service used to rent a car involved in a New Orleans stampede early Wednesday morning.

  • Nineteen ferries

    Dow hovers near flatline as Boeing, Apple shares drag on blue-chip index

    The Dow Jones Industrial Average (^ DJI) erased early morning gains to hover near a flat line by 11:30 a.m. ET on Thursday.

    Boeing shares fallB.AWeighted on the Blue Chip Index. The industrial giant’s stock fell as much as 3.5 percent after the fatal crash of a 737-800 operated by Jeju Air in South Korea on Sunday. But analysts were quick to point out that it was unlikely the incident was related to Boeing’s production challenges last year.

    apple (AAPL) Shares edged lower after the iPhone maker offered rare discounts on its latest devices in China.

  • Nineteen ferries

    The man linked to the cybertruck rental in Vegas was reportedly a US soldier.

    A man is accused of being connected to the Tesla explosion.TSLA) in Las Vegas, a cyber truck full of fireworks and gasoline was the US military. A report From CNN

    “The man linked to the Tesla Cybertruck rental that exploded outside the Trump Hotel in Las Vegas on Wednesday is a US Special Forces soldier assigned to the 10th Special Forces Group, according to 4 US officials,” CNN reported. Writer Natasha Bertrand wrote On X

    “The man is a U.S. Army Special Forces operations sergeant with the rank of master sergeant, an advanced enlistment,” officials said. He was on active duty and on leave from Germany, where he was serving with the 10th Group, three officials said. , at the time of the incident,” the post said.

    The cyber truck was rented on an app called Toro, the same service that rented the vehicle involved in the New Orleans crowd run-in on Wednesday morning. Authorities are investigating whether the two incidents are related.

    Shares of Tesla fell nearly 6 percent on Thursday morning after the EV giant posted. A reduction in its first annual delivery. The stock is down about 18 percent over the past five trading sessions.

    Shares of Tesla hit all-time highs in mid-December to early November during a massive rally following Donald Trump’s victory in the White House.

  • Nineteen ferries

    Cloudflare stock rose 5% after a double upgrade from Goldman Sachs.

    Shares of Cloudflare (NetThe cloud platform company jumped more than 5 percent on Thursday after receiving a double upgrade from Goldman Sachs.

    Analysts said they see a 28% upside in the stock and raised their price target to $140. He upgraded the stock from a buy to a sell recommendation.

    Goldman analysts cited “improving sales and marketing productivity cycles” and “new AI inference use cases.”

  • Nineteen ferries

    Nvidia, Amazon, Meta lead Nasdaq higher.

    AI chip heavyweight Nvidia (NVDA) rose more than 2 percent to lead the Nasdaq Composite (^IXIC) more Thursday morning.

    Other “Magnificent Seven” stocks also beat (Meta) and Amazon (AMZN) growing at about 2 percent.

    Meanwhile, shares of Tesla (TSLA) pared some of the losses that came after the EV giant posted its first annual decline in shipments. The stock fell as much as 6 percent in early trade.

    apple (AAPL) stock also fell below session lows. The iPhone maker has made a rare offer. Discounts on its latest models In China, highlighting increasing competition from local device makers.

  • Nineteen ferries

    Dow, S&P 500 rise to start 2025

    Stocks rallied on the first trading day of the new year after the holiday break and a 2024 thunderstorm for markets.

    S&P 500 (^GSPC) rose 0.5 percent, while the Dow Jones Industrial Average (^ DJI) increased by 0.6 percent. The tech-heavy Nasdaq Composite (^IXIC) jumped but quickly erased early session gains.

    Tesla (TSLA) stock fell after the electric vehicle giant I saidT delivered 495,570 vehicles in the fourth quarter of last year, according to Bloomberg data, making 2024 the first year of annual delivery decline since 2011.

  • Nineteen ferries

    Tesla delivered more than 495,000 vehicles in the fourth quarter, a decline in inventory

    Tesla (TSLA) stock fell 3 percent in premarket trading after the electric vehicle giant. I saidt delivered 495,570 vehicles in the fourth quarter of 2024, bringing total deliveries for the full year to around 1.79 million.

    Wall Street analysts expected the automaker to deliver about 512,300 EVs, or about 1.8 million vehicles, in the final three months of the year.

    In the fourth quarter, Tesla said it produced about 459,000 vehicles.

  • Laura Britton

    Tesla stock rose in the premarket ahead of the delivery release.

    Tesla (TSLAThe stock rose more than 1 percent for the Elon Musk-led electric vehicle maker as investors prepared to release its fourth-quarter earnings on Thursday.

    Wall Street analysts expect the company to report shipments of about 512,300 EVs for the period, bringing its annual deliveries to 1.8 million EVs for fiscal 2024, according to a Bloomberg consensus estimate. According to

    If the average analyst forecast is correct, that would mean Tesla’s annual EV deliveries fell 0.3 percent from last year — making 2024 the first year since 2011, according to Bloomberg data. That Tesla EV sales did not increase.

    Tesla shares fell more than 3% on the last day of 2024 as the megacap tech stock fell, but the EV company’s stock was up more than 60% for the year.

    Tesla warned in 2023 that production growth next year would be “significantly low,” as Prassubramanian noted in his roundup of Tesla’s biggest news in 2024 (You can read that story here.).

    Also, Tesla made headlines after a cybertruck exploded outside the Trump Hotel in Las Vegas. A signal to investigate a possible terrorist attack.

  • Jenny McCall

    Good morning, here’s what’s going on today.



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