Stocks Rise to Kick Off 2025, Dow Climbs More Than 100 Points
The Dow Jones Industrial Average moved higher to start 2025, with hopes that the market can regain the momentum that propelled the S&P 500 to log two-straight years of annual gains above 20%.
The blue-chip Dow traded up 111 points, or 0.3%, and the S&P 500 gained 0.4%. The tech-heavy Nasdaq Composite rose 0.4%.
Chip giant Nvidia helped drive the market higher, rising 2.5%. Energy stocks also helped boost the market, with shares of Chevron adding 1.6% and renewable stock Enphase Energy jumping 4%.
However, some of the hot tech stocks from 2024 struggled in early trading. Tesla fell about 4% after reporting that annual deliveries declined in 2024. Shares of Apple were off by 1%.
Stocks fell in the final days of 2024, but the the year still produced solid returns. The S&P 500 surged 23% last year, while the 30-stock Dow added nearly 13%. Fueled by the enthusiasm around artificial intelligence and interest rate cuts, the Nasdaq outperformed with a 29% advance.
Sumber: CNBC
