03:55 PM EST, 01/02/2025 (MT Newswires) -- US benchmark equity indexes fell before the close on the first trading day of 2025 with the S&P 500 and the Nasdaq Composite weighed down by a sell-off in Tesla (TSLA) shares.

The S&P dropped 0.3% to 5,861.8 on Thursday, the Nasdaq lost 0.2% to 19,280.8 and the Dow Jones Industrial Average shed 0.3% to 42,424.5. Among sectors, consumer discretionary posted the steepest decline, while energy led the gainers.

Markets were closed Wednesday for New Year's Day.

Tesla shares fell 6.2%, the biggest decline on S&P and Nasdaq, after the electric vehicle maker's 2024 vehicle deliveries fell from a year earlier with Q4 figures missing Wall Street's forecasts.

The US 10-year yield eased a basis point at 4.57%, while the two-year rate was little changed at 4.25%.

West Texas Intermediate crude oil rose 2% to $73.17 a barrel.