Nasdaq, S&P 500 rise as Wall Street eyes new year rebound

Stocks rose to open the first trading day of the new year on Thursday as Wall Street returned from the holidays.

S&P 500 (^GSPC) rose 0.1 percent, while the Dow Jones Industrial Average (^ DJI) embraced the flat line. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2% after markets reopened from Wednesday’s close.

Markets are 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.

Nvidia (NVDA), Amazon (AMZN), and meta (Meta) as optimism around artificial intelligence is growing. Investors are debating what his role is. “Magnificent Seven” Will stock Play in Powering Markets in 2025 After his stellar performance last year.

But 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. In Las Vegas on Wednesday, 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 It fell to its lowest level since March.. 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 2 percent after the iPhone maker made a rare offer. Discounts on its latest models In China, reflecting increased competition from local handset makers.

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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 was a cybertruck full of fireworks and gasoline, 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 U.S. Special Forces soldier assigned to the 10th Special Forces Group, according to 4 U.S. 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 cybertruck was rented on an app called Toro, the same service that rented the vehicle involved in the New Orleans stampede 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.
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.”
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.
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 saidAccording to Bloomberg data, t delivered 495,570 vehicles in the fourth quarter of last year, making 2024 the first year of annual delivery decline since 2011.
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.
Tesla stock surged 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.
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