Stocks Close Lower in Volatile Start to 2025 as S&P 500 Losing Streak Grows
Stocks slid on Thursday in a choppy first trading session of the new year, as the slump to end 2024 extended into January.
The blue-chip Dow Jones Industrial Average traded down 152 points, or about 0.4%. The S&P 500 fell 0.2% for its fifth straight down day. The Nasdaq Composite slipped about 0.2%, which was also its fifth consecutive decline.
The market averages initially rose on Thursday, with the Dow up more than 300 points at session highs, but the gains reversed in late morning trading. The Dow’s intraday swing from high to low was more than 700 points.
Tech giant Apple weighed on the market, falling 2.6%. Tesla fell 6% after reporting that annual deliveries declined in 2024. Chipmaker Nvidia rose 3%, helping to somewhat offset the declines from other Big Tech stocks.
Thursday’s trading moves come after a solid 2024 for stocks ended on a sour note. The S&P 500 surged 23%, but ended the year with four-straight down days for the first time since 1966.
Sumber : CNBC
