Kicking off the new year, U.S. stock markets stumbled into 2025 with a tough start, as both the S&P 500 and the Nasdaq Composite recorded their fifth consecutive day of losses. This marked their longest losing stretch since April, as per Dow Jones Market Data.
Meanwhile, the Dow also faced its own challenges, dropping for a fourth day in a row. The last time the blue-chip index saw such persistent declines was back in mid-December, when it ended a grueling ten-day losing run, according to the data.
Thursday’s trading session proved to be turbulent, with all three major U.S. indices ultimately closing in the red. Analysts attribute this downward trend to investors cashing in on profits and a notable rise in the U.S. dollar value, which compounded the equity market’s struggles.
Here’s how the numbers wrapped up, based on preliminary closing figures from FactSet. The S&P 500 dipped by 13.08 points, equivalent to a 0.2% decline, settling at 5,868.55. The Dow Jones Industrial Average dropped 151.95 points, or 0.4%, closing at 42,392.27. Meanwhile, the Nasdaq Composite slipped 30 points, translating to a 0.2% decrease, ending the day at 19,280.79.
