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© 2026 Benzinga | All Rights Reserved
January 2, 2025 2:02 PM 3 min read

Crude Oil Surges 2%; Tesla Shares Plummet

by Avi Kapoor Benzinga Staff Writer
Follow
FlipboardIcon version of the Flipboard logo

U.S. stocks traded lower toward the end of trading, with the Dow Jones index falling over 300 points on Thursday.

The Dow traded down 0.79% to 42,208.88 while the NASDAQ fell 0.89% to 19,138.50. The S&P 500 also fell, dropping, 0.79% to 5,834.99.

Check This Out: How To Earn $500 A Month From Acuity Brands Stock Ahead Of Q1 Earnings

Leading and Lagging Sectors

Energy shares rose by 1% on Thursday.

In trading on Thursday, real estate shares fell by 1.7%.

Top Headline

U.S. construction spending unexpectedly stalled month-over-month to an annual rate of $2,153 billion in November compared to a revised 0.5% gain in October and missing market estimates of a 0.3% rise.

Equities Trading UP
                       

Equities Trading DOWN

Commodities

In commodity news, oil traded up 2% to $73.15 while gold traded up 1% at $2,667.20.

Silver traded up 2.2% to $29.900 on Thursday, while copper fell 0.1% to $4.0250.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 0.60%, Germany's DAX 40 gained 0.58% and France's CAC 40 rose 0.18%. Spain's IBEX 35 Index rose 0.71%, while London's FTSE 100 rose 1.07%.

Asia Pacific Markets

Asian markets closed mixed on Thursday, with China's Shanghai Composite Index falling 2.66%, Hong Kong's Hang Seng Index dipping 2.18% and India's BSE Sensex gaining 1.83%.

Economics

Now Read This:

  • This Analyst With 85% Accuracy Rate Sees Around 10% Upside In Alphabet – Here Are 5 Stock Picks For 2024 From Wall Street’s Most Accurate Analysts
Market News and Data brought to you by Benzinga APIs

© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Posted In:
EquitiesNewsEurozoneCommoditiesIntraday UpdateMarketsTrading Ideas
JYD Logo
JYDJayud Global Logistics Ltd
$2.67-1.48%
Overview
KOD Logo
KODKodiak Sciences Inc
$24.86-%
NITO Logo
NITONexentis Technologies Inc
$1.27-%
NMRA Logo
NMRANeumora Therapeutics Inc
$3.02-%
TSLA Logo
TSLATesla Inc
$394.68-0.52%
U Logo
UUnity Software Inc
$19.910.31%
  • Carmell Corporation (NASDAQ:CTCX) shares shot up 187% to $0.80 after the company announced an agreement to acquire Elevai Skincare.
  • Shares of N2OFF, Inc. (NASDAQ:NITO)got a boost, surging 335% to $1.08 after the company announced its joint venture with Soltera Renewable Energy obtained approval for a 111 MWp solar PV project in Meltz, Germany.
  • Unity Software Inc. (NYSE:U) shares were also up, gaining 7% to $24.05 on the heels of a new post from meme stock trader Keith Gill, also known as “Roaring Kitty." Gill's latest post on X has sparked speculation that the trader could be planning to invest in shares of Unity Software.
  • Neumora Therapeutics, Inc. (NASDAQ:NMRA) shares dropped 81% to $2.00 after the company announced its Phase 3 KOASTAL study did not demonstrate statistically significant improvement on its primary endpoint.
  • Shares of Kodiak Sciences Inc (NASDAQ:KOD) were down 12% to $8.78.
  • Tesla, Inc. (NASDAQ:TSLA) was down, falling 7% to $377.36 following fourth-quarter production and delivery figures. Tesla said it produced 459,445 vehicles in the fourth quarter and delivered 495,570 vehicles. For comparison, Tesla reported production of 494,989 vehicles and 484,507 deliveries in the fourth quarter of 2023.
  • U.S. initial jobless claims fell by 9,000 from the previous week to a reading of 211,000 in the final week of 2024, and versus market estimates of 222,000.
  • The S&P Global manufacturing PMI declined to 49.4 in December compared to 49.7 in the prior month, and versus a revised preliminary reading of 48.3.
  • U.S. construction spending unexpectedly stalled month-over-month to an annual rate of $2,153 billion in November compared to a revised 0.5% gain in October and missing market estimates of a 0.3% rise.
JYD Logo
JYDJayud Global Logistics Ltd
$2.67-1.48%
Overview
KOD Logo
KODKodiak Sciences Inc
$24.86-%
NITO Logo
NITONexentis Technologies Inc
$1.27-%
NMRA Logo
NMRANeumora Therapeutics Inc
$3.02-%
TSLA Logo
TSLATesla Inc
$394.68-0.52%
U Logo
UUnity Software Inc
$19.910.31%
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