US stocks fall after erasing early gains; Tesla slumps after Q4 deliveries miss

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US stocks fall after erasing early gains; Tesla slumps after Q4 deliveries miss

Investing.com-- US stocks fell Thursday, erasing early gains after several security incidents in the United States over the last few days.

Uncertainty over Trump’s policies saw investors turn cautious in recent weeks, sparking some profit-taking after an initial rally on Wall Street in response to Trump’s election victory in early November. The electric vehicle giant said its deliveries in the quarter came in at 495,570, below the consensus estimate of 512,277. Tesla also produced approximately 459,000 vehicles during the quarter.) is offering discounts on its latest iPhone models in China, a rare move that points to rising competition from domestic rivals in the world's largest smartphone market. As a result, shares fell nearly 3% Thursday.

China's Xi Jinping said on Tuesday in his New Year's address that the country would implement more proactive policies to promote growth in 2025.This echoed Tuesday’s official survey, and suggested policy stimulus is gradually trickling into the second largest economy in the world.is due later on Thursday, and a drop in US oil inventories tends to indicate an increase in demand for crude oil.

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