2025-01-04
5 分钟Hey listeners, it's Saturday, January 4th.
I'm Francesca Fontana for the Wall Street Journal, and this is What's News in Markets.
Our look at the biggest stock moves of the week and the news that drove them.
Let's get to it.
Hey everybody, happy new year.
Hope each of you had a good end year 2024, and that your 2025 is off to a good start.
2024 was a great year for the stock market,
capping at the best two-year period in a quarter century, but the new year started off pretty gloomy.
We saw the indexes go on a losing streak this week as we wrapped up December and kicked off January.
Investors are warning that valuations are high,
and they're adjusting their expectations for the federal reserve this year,
namely it seems
that the Fed is growing more reluctant to cut interest rates as the U.S. economy remains on solid footing.
But things seem to turn around on Friday, thanks to good old tech and chip stocks.
The Dow snapped its four trading day losing streak, remember no trading on New Year's Day, adding about 0.8%,
the S&P 500 rose to more than 1%,
and the NASDAQ gained almost 2%, with those two snapping five trading day losing streaks.
On a weekly basis, the Dow fell 0.6%, while the S&P and NASDAQ each fell about half a percent.
Tesla, the Elon Musk-led electric car maker,
said that its annual vehicle deliveries fell in 2024 for the first time in more than a decade.