NEW YORK — U.S. stock indexes slipped to start 2025. The S&P 500 fell 0.2% Thursday, marking its first five-day losing streak since April. The Dow Jones Industrial Average fell 0.4% after giving up an early gain, and the Nasdaq composite lost 0.2%. Tesla skidded following its latest update on deliveries. Energy producers helped limit the market’s losses after prices rose for crude oil and natural gas.
Tesla helped drag the market lower after disclosing it delivered fewer vehicles in the last three months of 2024 than analysts expected. The electric-vehicle company’s stock slumped 6.7%. Elsewhere on Wall Street, H.B. Fuller sank 7.4% after the seller of adhesives, sealants and other specialty chemical products said it’s recently seen a slowdown in sales to a number of its customer categories.
Some Big Tech stocks also helped limit the market's losses. Nvidia, whose chips are powering the world’s move into artificial-intelligence technology, rose 2.1% after following up its nearly 240% surge in 2023 with a better than 170% jump last year. The economy has held up remarkably well despite the high rates brought by the Fed in recent years to stifle inflation. But inflation has recently appeared to become more resistant to slowing the last bit to the Fed's 2% target, and Trump's pushing for tariffs and other policies have raised worries about potentially more upward pressure on prices.
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