Market Overview

The first trading session of 2025 saw major US stock markets closing lower after a volatile day. Despite a positive opening, the markets couldn't sustain the momentum, leading to losses across the board.

Tesla's Performance

Electric vehicle giant Tesla reported its delivery figures for the fourth quarter and the entirety of 2024, which fell short of expectations. This underperformance led to a sharp decline in Tesla's stock price, impacting the overall market sentiment.

Economic Indicators

Investors also digested the latest economic reports, including jobless claims, manufacturing data, and construction spending. These indicators provided mixed signals about the health of the US economy, contributing to the day's market volatility.

Market Indices Performance

By the end of the session, the Dow Jones Industrial Average had dropped by 0.36%, the Nasdaq 100 declined by 0.17%, and the S&P 500 fell by 0.22%.

Currency Movements

In currency markets, the euro remained stable against the dollar, trading at 1.02638 at 4:01 pm ET.