U.S. stock indexes slipped on Thursday as Wall Street’s weak end to last year carried into 2025.
The S&P 500 fell 0.2% to extend the four-day losing streak that dimmed the close of its stellar 2024. The index pinballed through the day between an early gain of 0.9% and a later loss of 0.9% before locking in its longest losing streak since April.
The Dow Jones industrial average fell 151 points, or 0.4%, after an early gain of 360 points disappeared, and the Nasdaq composite lost 0.2%.
Tesla helped drag the market lower after disclosing it delivered fewer vehicles in the last three months of 2024 than analysts expected. The electric-vehicle company’s stock slumped 6.1%.
Elsewhere on Wall Street, H.B. Fuller sank 7.5% after the Vadnais Heights-based seller of adhesives, sealants and other specialty chemical products said it’s recently seen a slowdown in sales to a number of its customer categories.
On the winning side of Wall Street were companies tied to the energy industry after prices rose for crude oil and natural gas.
Constellation Energy jumped 8.4% for the one of the biggest gains in the S&P 500 after announcing it won more than $1 billion in combined contracts with the U.S. General Services Administration to supply power and perform energy savings and conservation measures.
Some Big Tech stocks also helped limit the market’s losses. Nvidia, whose chips are powering the world’s move into artificial-intelligence technology, rose 3% after following up its nearly 240% surge in 2023 with a better than 170% jump last year.
In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury edged down to 4.56% from 4.57% late Tuesday after a report said fewer U.S. workers applied for unemployment benefits last week than economists expected. It’s the latest signal that the job market remains solid.
All told, the S&P 500 slipped 13.08 points to 5,868.55. The Dow dipped 151.95 to 43,392.27, and the Nasdaq composite lost 30.00 to 19,280.79.
— Associated Press