U.S. stock markets experienced a downturn on January 2, 2025, with the Dow Jones Industrial Average dropping by 200 points during afternoon trading. This decline comes amid reports of falling Cushing stocks, which have reached their lowest levels since October 27, 2023. The overall sentiment in the market was negative, with multiple sources indicating that stocks were down across the board, contributing to a slump that saw U.S. stocks hit their lows for the day.