Wall Street Sees Mixed Start to 2025 Amid Political Shifts and Tesla Troubles

Wall Street began 2025 with volatility, influenced by political shifts and anticipated interest rate cuts. Tesla faced a decline after missing delivery targets, affecting automotive sector stocks. Amid fluctuating oil prices and economic anticipations, major indexes rose, showcasing mixed market sentiments and a robust labor market amid moderate trading volumes.

Wall Street's indices edged higher during the first volatile trading session of 2025 as investors kept a keen eye on political changes and potential interest rate cuts. Despite overall optimism, Tesla's shares slipped following a report of disappointing vehicle deliveries.

The Dow Jones Industrial Average increased by 111.85 points, marking a 0.26% rise to 42,656.07, while the S&P 500 and the Nasdaq Composite also posted gains. Energy stocks led among the advancing sectors, driven by rising oil prices, while Tesla's shares plummeted by 5.2%.

Electric vehicles faced demand challenges, affecting consumer discretionary stocks. Meanwhile, jobless claims fell unexpectedly, signaling a robust labor market, and crypto stocks rose alongside Bitcoin prices. Market dynamics reflected a complex landscape as investors weighed economic policies and inflationary pressures.

(With inputs from agencies.)