Highlights
Equities sagged again Thursday as the market's year-end weakness persisted into the start of 2025. Losses in heavily weighted megacaps and big technology shares depressed the major averages.
The Dow slipped 0.4 percent while the S&P 500 and the Nasdaq both dipped by 0.2 percent. Bond yields were mixed but mostly higher with a boost from much lower than expected weekly jobless claims. Oil prices and the dollar rallied.
Megacaps and big technology shares were mostly lower again to weigh on the major averages although chipmakers including Nvidia fared better. Tesla was a notable decliner to depress consumer discretionary shares. Other weak segments included real estate, consumer staples and materials. Best sectors included energy, communications services and utilities while
The Dow slipped 0.4 percent while the S&P 500 and the Nasdaq both dipped by 0.2 percent. Bond yields were mixed but mostly higher with a boost from much lower than expected weekly jobless claims. Oil prices and the dollar rallied.
Megacaps and big technology shares were mostly lower again to weigh on the major averages although chipmakers including Nvidia fared better. Tesla was a notable decliner to depress consumer discretionary shares. Other weak segments included real estate, consumer staples and materials. Best sectors included energy, communications services and utilities while
Definition
Market Reflections track market reaction to the trading day's major events. Economic data, policymaker speeches, and company news are featured in this report as well as key indexes and financial instruments.
Description
Understanding why markets respond as they do is fundamental for an investor. Market Reflections help explain how the day's events, news, and data impact the outlook for the economy and for market prices.
