Reported 3 days ago
U.S. stocks experienced a mixed start on the first trading day of the new year, aiming to break a four-day losing streak, largely driven by tech stocks and stable Treasury yields. The S&P 500 and Dow showed gains, while Tesla's shares dipped after the company reported its first annual delivery decline despite record deliveries in the last quarter of the year. Additionally, jobless claims were lower than expected, indicating a healthy job market, and mortgage rates approached 7%. Market analysts are cautiously optimistic looking ahead to earnings season and potential Federal Reserve policy shifts.
Source: YAHOO