Jan 3, 01:41 PM

U.S. Stock Indexes Decline 1.9% as S&P 500 Suffers Longest Losing Streak Since April, Tesla Falls Over 6% and 0.6% Drop Recorded

U.S. stock indexes declined on the first trading day of 2025, continuing the downward trend from the previous year. The S&P 500 experienced its longest losing streak since April, closing down 1.9%. This marks the worst Santa Claus Rally performance since 2016, with the index dropping 0.6% during the traditional rally period. Major losses were reported from companies such as Tesla, which fell over 6%, and Apple, contributing to the broader market decline. The S&P 500 recorded its largest drop from Christmas to year-end since at least 1952, falling approximately 3%. Despite this, the index closed 2024 up 23.3%. Analysts are now questioning the market's volatility and potential future performance following this rocky start.

#Santa Claus Rally #Tesla #Apple #Christmas

Written with ChatGPT (GPT-4o mini).