Stock Market Update: S&P 500 Faces Fifth Straight Decline

Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Stocks were off to a rocky start in the new year after giving back strong gains earlier in Thursday's session. If the S&P 500's losses hold at the close, it would mark the fifth straight session of declines. Continued pressure from Treasury yields, with the 10-year almost touching 4.

6% at one point Thursday might be the culprit behind the decline. The stock market ended 2024 with some downside but did not take away from the fact that it was still a great year, with the S&P 500 advancing 23%. Following a 24% gain in 2023, the index saw its first back-to-back years of 20%-plus increases since the 1990s. Only two S&P 500 sectors in the green Thursday: energy and utilities. Energy stocks have made a good move over the past week thanks to a rise in oil and natural gas prices. Coterra Energy , our only oil and gas name, was the third best-performing stock in the sector week to date, with a gain of more than 5%. Utilities were on the rise — and, like last year, Vistra and Constellation Energy led the charge. The sector move came after Constellation Energy announced that it was awarded more than $1 billion in combined contracts with the U.S. government to supply electricity and services. We expect the growing demand for energy infrastructure throughout the country to be a continued theme this year, especially since data centers that run artificial intelligence take so much power. Consumer discretionary, information technology, and materials underperformed on Thursday. Consumer discretionary was led lower by a nearly 7% drop in Tesla after its fourth-quarter deliveries missed estimates. Other autos, casinos, and travel names were weaker, to

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock market today: S&P 500, Nasdaq clinched closing records again; Powell eyedStock market today: S&P 500, Nasdaq clinched closing records again; Powell eyed
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock market today: S&P 500 closes lower halting record run as payrolls loomStock market today: S&P 500 closes lower halting record run as payrolls loom
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock market today: S&P 500, Nasdaq close at record highs after November jobs dataStock market today: S&P 500, Nasdaq close at record highs after November jobs data
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock market today: S&P 500 closes lower as Nvidia, AMD lead dip in techStock market today: S&P 500 closes lower as Nvidia, AMD lead dip in tech
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock market today: S&P 500 closes lower as tech stumbles despite Alphabet jumpStock market today: S&P 500 closes lower as tech stumbles despite Alphabet jump
Fuente: Investingcom - 🏆 450. / 53 Leer más »

Stock market today: S&P 500 ends lower after upside inflation surpriseStock market today: S&P 500 ends lower after upside inflation surprise
Fuente: Investingcom - 🏆 450. / 53 Leer más »