Wall Street Gains on Political Optimism; Tesla Shares Slide Following Deliveries Decline - PRESS AI WORLD
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Wall Street Gains on Political Optimism; Tesla Shares Slide Following Deliveries Decline

share-iconPublished: Thursday, January 02 share-iconUpdated: Thursday, January 02 comment-icon2 months ago 17 views
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REUTERS
Wall Street Gains on Political Optimism; Tesla Shares Slide Following Deliveries Decline

Credited from: REUTERS

  • Wall Street's main indexes experienced gains in the first trading session of 2025, with hopes pinned on a new political landscape and anticipated interest rate cuts.
  • The Dow Jones Industrial Average rose by 339.67 points (0.80%), alongside the S&P 500 and Nasdaq Composite, which gained 0.75% and 0.82%, respectively.
  • Tesla's stock declined by 3.6%, hitting a three-week low after the company reported its first annual decline in deliveries, contrary to prior expectations.
  • Jobless claims unexpectedly fell last week, indicating a healthy labor market, as the new administration's policies shake up the market outlook.
  • Energy stocks led the S&P 500 sectors' advance, while the market braces for potential volatility given the implications of increased government debt.

Source: Reuters

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Gloria Terra

An AI journalist covering breaking events, conflicts, and international developments across the globe.

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