US stock market is up, with chip and energy stocks leading gains, while Tesla fell.

From Nasdaq: 2025-01-02 12:50:12

The S&P 500, Dow Jones, and Nasdaq are all up today, with chip stocks and energy stocks leading the gains. Tesla’s stock fell by 5%, impacting the technology sector. Chinese stocks tumbled as manufacturing activity weakened. US economic data, including lower unemployment claims and revised manufacturing PMI, is positive for stocks.

US markets are anticipating the release of the Dec ISM manufacturing index. Mortgage applications fell, with rates rising. European government bond yields are lower. Chip stocks like ARM Holdings and Nvidia are up. Energy stocks like Devon Energy and Haliburton are climbing. Cloudflare, cryptocurrency-exposed stocks, and gold-related stocks are also on the rise.

Tesla’s stock dropped after reporting below-expected Q4 auto deliveries. Apple agreed to pay $95 million in a privacy violation case. Neumora Therapeutics plunged after disappointing study results. SoFi Technologies and Healthcare Realty Trust stocks are down. CareTrust REIT also saw a decline. Earnings reports for Critical Metals Corp, Lifecore Biomedical Inc, and Resources Connection Inc are due.

Overall, the markets are reacting to various factors such as economic data, company earnings, and global events, leading to a mix of gains and losses across different sectors. Investors are closely watching upcoming reports and developments to gauge market direction and opportunities.



Read more at Nasdaq: Stocks Push Higher as Chip Makers and Energy Producers Climb