Stocks closed lower, continuing losses from end of 2024, with technology and consumer stocks hit.

From Nasdaq: 2025-01-03 09:29:00

U.S. stocks closed lower on Thursday, continuing losses from the end of 2024. The Dow Jones fell 0.4%, S&P 500 dropped 0.2%, and Nasdaq declined 0.2%. Real estate, consumer discretionary, and materials stocks were hit. The VIX rose 3.34%. Apple and Tesla shares declined.

The first trading day of 2025 saw stocks pull back further. The Dow, S&P 500, and Nasdaq have all closed lower for multiple sessions. The Santa Claus rally may fail this year due to continued losses. Apple and Tesla stocks weighed on the market. Bond yields were volatile.

Weekly jobless claims decreased to 211,000, with continuing claims at 1,844,000. Construction spending remained unchanged in November, missing expectations. The Commerce Department reported a 3% year-over-year increase. Bond yields rose to 4.6%. Stocks fell as investors analyzed solid labor market data.



Read more at Nasdaq: Stock Market News for Jan 3, 2025