Red start to the new year – Wall Street fell

The stock exchanges on Wall Street got a somewhat sluggish, red, start to 2025 – with narrow declines during the year's first trading day. Among other things, Tesla continued to sink.

» Published: January 02 2025

Red start to the new year – Wall Street fell
Photo: Luca Bruno/AP/TT

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The Dow Jones fell by 0.4 percent, while Nasdaq's composite index dropped by 0.1 percent. The S&P 500 fell by 0.2 percent.

Among today's losers were, for example, Apple, down 2.6 percent, and Pepsico, down 1.2 percent.

The start of the new year went better for the semiconductor company Nvidia, up 3.0 percent, and for the burger giant McDonald's, up 0.9 percent. The energy company Chevron also ended on a green note and rose by 1.3 percent.

Tesla ended the first trading day of the year in the same style as the last day of the previous year: heavily in the red. On Thursday, the news came that the company missed market expectations regarding the number of delivered vehicles in the fourth quarter. According to Bloomberg, Tesla delivered 495,570 units – the market expected an average of 512,277. The stock fell by 6.1 percent.

On New Year's Day, a Tesla of the Cybertruck model exploded in a suspected crime outside a hotel in Las Vegas, which received extensive attention.

The US dollar has started the year on an upward trend and has strengthened against both the euro and the krona. On Thursday, the currency was at the level of 1.03 dollars per euro, which is the strongest dollar rate in over two years. One dollar is traded for 11.15 kronor.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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