Stock market today: Dow, S&P 500, Nasdaq futures rise but weekly losses loom for Wall Street
Published On Jan 3, 2025, 7:10 AM
U.S. stock futures increased as investors anticipated recovery after a rough start to the year, despite existing weekly losses for major indices. The Dow and S&P 500 are expected to finish the holiday-shortened week down over 1%, while the Nasdaq could see a nearly 2% decline. Key developments included a notable rise in Tesla's sales in China amidst its recent stock price decline and US Steel's sharp decline due to a blocked acquisition move. The markets await manufacturing data to gauge economic conditions and potential Federal Reserve interest rate decisions.
Stock Forecasts
TSLA
Positive
Investors should look into Tesla (TSLA) as it shows potential for recovery after positive sales data from China, which could stabilize or uplift its stock price post-decline. Meanwhile, US Steel (X) might face further downward pressure due to the blocked acquisition news.
X
Negative
Given the negative impact of the acquisition being blocked and broader market concerns, US Steel (X) is likely to continue experiencing downward pressure in the near term.
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