US stock indexes fell on Thursday as the S&P 500 slid 0.2% to extend a four-day losing streak, which began with a strong end to 2024. The Dow Jones Industrial Average dropped 151 points, or 0.4%, and the Nasdaq composite lost 0.2%.
Tesla was a major drag on the market, with its stock falling 6.1% after it reported fewer vehicles delivered in Q4 2024 than expected. This came as analysts had anticipated strong sales for the electric-vehicle company.
However, other energy stocks rose, led by Constellation Energy’s 8.4% gain after it won a contract worth over $1 billion to supply power and perform energy savings measures. Nvidia also surged 3%, driven by its growing presence in artificial-intelligence technology.
The market’s performance is being closely watched, with some analysts warning that prices may be due for a pullback. Bank of America’s measure of analyst recommendations recently reached its highest level since early 2022, sparking concerns about overvaluation.
Source: https://finance.yahoo.com/news/stock-market-today-asian-shares-035708881.html