On January 2, 2025, U.S. stock markets started the year negatively, with major indexes declining after initial gains. The U.S. dollar reached a two-year high, while European markets saw modest gains. Tesla shares fell 6.1% due to disappointing fourth-quarter delivery numbers, marking the company’s first annual decline in deliveries. Meta appointed Joel Kaplan as its new president of global affairs, replacing Nick Clegg. Ukraine halted Russian gas imports, confirming Europe’s vulnerabilities. Rising Treasury yields prompted concerns for stocks, as investors found safer returns in bonds. Analysts predict a modest 9% gain for the S&P in 2025, contrasting with high 2024 returns.