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Wall Street Pulls Back from Initial Gains on First Trading Day of 2025: Here’s What Happened

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The CNBC Investing Club with Jim Cramer provides an afternoon update each weekday, highlighting market movements. Recently, stocks faced a rocky start to the year, with declines led by rising Treasury yields, marking five consecutive sessions of losses for the S&P 500, despite a 23% annual gain in 2024. Only energy and utilities sectors posted gains, bolstered by rising oil prices and government contracts for Constellation Energy. In contrast, consumer discretionary and technology sectors struggled, with Tesla and Apple seeing significant drops. Market dynamics may also be affected by potential rebounds in previously underperforming stocks following the calendar year-end.

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