Stocks Snap Skids, Pick Up First Win of 2025

Tech stocks helped Wall Street steady itself today

Patrick Martin

Managing Editor

Jan 3, 2025 at 4:24 PM

Stocks picked up their first win of 2025 today, breaking various losing streaks in the process. The Dow added 339 points to halt a four-day skid, while the S&P 500 and Nasdaq each posted gains of 1% or more to snap five-day losing streaks. Tech stocks propped up Wall Street today, with Nvidia (NVDA) logging its best single-session gain since Nov. 19. Despite finishing Friday strong, all three major indexes still logged weekly losses.

Continue reading for more on today's market, including:

3 stock picks for 2025 to add to your portfolio.
Analyst goes all in on Chewy stock.
Plus, TPR's chart momentum; US Steel-Nippon fallout; and a VIX primer for 2025.

indexesjan3

nysejan3

5 Things to Know Today

Hydrogen tax credits just got a lot easier for nuclear energy companies. (Reuters)
U.S. surgeon general issues dire warning about alcohol and cancer. (CNBC)
Tapestry stock has room to run.
US Steel stock slides after Nippon merger halted.
The VIX primer you didn't know you needed.

There were no earnings of note today.

Weekly Wins for Commodities

Oil prices gained on promises of more stimulus growth in China. February-dated West Texas Intermediate (WTI) crude gained 83 cents, or 1.1%, to settle $73.96 per barrel. For the week, black gold added 4.8%.

Gold prices cooled off to end the week, weighed down by a resilient U.S. dollar. Gold for January delivered shed 0.5% to settle around $2,655.90 an ounce. For the week, the safe-haven asset added 1.1%.

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