12:07 PM EST, 01/02/2025 (MT Newswires) -- US equity indexes rose following an unexpected decline in weekly jobless claims and a move higher in the final estimate of a manufacturing gauge.

The S&P 500 climbed 0.3% to 5,896.1, with the Nasdaq up 0.4% to 19,386.2 and the Dow Jones Industrial Average 0.1% higher at 42,585.3. Energy and communication services led the gainers, while real estate was among the decliners intraday.

In economic news, US initial jobless claims fell to 211,000 in the week ended Dec. 28 from an upwardly revised 220,000 in the previous week, in contrast with expectations for an increase to 221,000 in a survey compiled by Bloomberg. The four-week moving average declined by 3,500 to 223,250, breaking a string of four straight increases.

The S&P Global US manufacturing index for December was revised upward to 49.4 from the flash reading of 48.3, compared with expectations for no revision in a Bloomberg poll of analysts. The December index still stands below the 49.7 reported in November, indicating a modest contraction in the sector.

US Treasury yields were steady intraday, with the 10- and two-year trading at around 4.58% and 4.26%, respectively. The yields on both maturities were down earlier in the session.

In company news, Tesla's (TSLA) Q4 deliveries of about 495,600 vehicles missed Street estimates and Street whisper numbers, Wedbush said in a note. Shares of the electric vehicle manufacturer dropped 6.2%, the steepest decliner on the S&P 500 and the Nasdaq.

West Texas Intermediate crude oil futures jumped 2.6% to $73.61 a barrel.