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Stocks Rebound Pre-Bell Following Rough Start to 2025; Asia Churns, Europe Falls
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Stocks Rebound Pre-Bell Following Rough Start to 2025; Asia Churns, Europe Falls
Jan 3, 2025 4:45 AM

07:18 AM EST, 01/03/2025 (MT Newswires) -- The benchmark US stock measures were tracking in the green before the open Friday after closing the previous trading session lower.

Standard & Poor's 500 increased 0.2%, the Dow Jones Industrial Average inched up 0.1% and the Nasdaq added 0.4% in premarket activity. Asian exchanges were mixed to lower, while European bourses were trending downwards midday on the continent.

Tesla (TSLA) was trading slightly in the red pre-bell after closing the previous session down 6.1% as the electric vehicle maker logged a year-over-year drop in vehicle deliveries for 2024 and missed market expectations for its fourth-quarter delivery figures. Carvana ( CVNA ) declined 3.5% following a report on the company by short-seller Hindenburg Research.

United States Steel's ( X ) stock fell 9.5% following media reports that President Joe Biden has decided to officially block Nippon Steel's proposed $14.9 billion acquisition of the steelmaker.

On the economic calendar, the Institute for Supply Management's manufacturing index for December posts at 10 am ET, followed by the weekly EIA natural gas supplies report at 10:30 am. The weekly Baker Hughes domestic oil-and-gas rig count is out at 1 pm.

Federal Reserve Bank of Richmond President Thomas Barkin is scheduled to speak at 11 am, while San Francisco Fed President Mary Daly speaks at 5:30 pm.

Before the opening bell, bitcoin decreased 0.8% to $96,711, West Texas Intermediate crude oil moved down 0.2% to $72.96 a barrel, yields on 10-year Treasuries retreated 2.8 basis points to 4.55% and gold inclined 0.2% to $2,673 an ounce.

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