Breakfast | The first performance of the US stock market in the new year saw a massive drop across all indices, with Apple experiencing its largest decline in three months and Tesla falling over 6%

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On the first trading day of 2025, U.S. stocks opened high but fell low, with a wave of buying in the last hour of trading, and small-cap stocks barely closed up. After a drop of over 7%, Tesla's decline was halved at one point, ultimately closing down 6.08%. The consumer discretionary sector saw the largest decline, while the energy, utilities, and telecommunications sectors performed relatively well, with energy stocks boosted by rising oil and gas prices. All three major indices fell, with the S&P 500 down 0.22%, the Dow down 0.36%, and the Nasdaq down 0.16%, while the Nasdaq 100 fell 0.17%.

The "Tech Seven Sisters" had mixed results. Apple fell 2.62%, marking the largest monthly decline in three months. Tesla dropped 6.08%, NVIDIA rose 2.99%, and Google A rose 0.07%. Meta rose 2.34%. Amazon rose 0.38%. Microsoft fell 0.69%.

The NVIDIA double-leveraged ETF rose 5.89%. Arm rose 3.92%, Micron Technology rose 3.77%, Marvell Technology rose 2.82%, TSMC rose 2.07%, Intel closed up 0.85%, Broadcom closed up 0.06%, and Qualcomm closed up 0.01%.

AI concept stocks had mixed results. Serve Robotics rose 9.33%. SoundHound AI rose 1.61%. BullFrog AI rose 4.5%, C3.ai closed up 0.7%, CrowdStrike closed up 1.51%, Dell Technologies closed up 1.12%, BigBear.ai closed down 7.64%, Super Micro Computer closed down 1.41%, Palantir closed down 0.58%, Oracle closed down 0.37%, and Salesforce fell 1.1%.

Quantum computing concept stocks rose broadly, with Rigetti (RGTI) up 31.06%, Quantum Corporation (QMCO) closing up 0.93%, Quantum Computing (QUBT) closing up 13.32%, D-Wave Quantum (QBTS) up 14.40%, IonQ (IONQ) up 3.18%, Quantum ETF-Defiance ETFs (QTUM) up 1.55%, while Honeywell closed down 0.16%, and MicroVision ADR fell 9.19%.

Nuclear energy stocks are "darlings" at the start of the year: Constellation surged over 8% against the trend, officially announcing a government contract worth over $1 billion.

Chinese concept stocks mostly fell. YINN fell 5.48%, the China Technology Index ETF (CQQQ) closed down 2.56%, and the Chinese Internet Index ETF (KWEB) closed down 1.78%. Fangdd rose 6.8%, Nio rose 4%, Li Auto rose 0.13%, Alibaba closed up 0.19%, while Bilibili fell 5.4%, New Oriental fell 4%, ZEEKR fell 4.44%, and Baidu, XPeng, NetEase, and JD.com all fell at least 1.2%.

Tesla's Annual Vehicle Deliveries Recorded a Year-on-Year Decline for the First Time

In 2024, vehicle deliveries totaled 1.79 million, lower than the 1.80 million in 2023 and below the general expectations of analysts for 1.80 million. However, the company's fourth-quarter deliveries in 2024 reached a record high

Analyst: Tesla's Delivery Volume Will Accelerate Growth in 2025 and Benefit from the Era of Autonomy and Artificial Intelligence

Wedbush analysts stated that the sell-off triggered by the decline in global deliveries in 2024 is just a minor episode in Tesla's stock price trajectory. Tesla's delivery volume will accelerate growth in 2025, partly due to the anticipated launch of lower-priced electric vehicles early this year. The company is expected to benefit from the era of autonomy and artificial intelligence, which is projected to accelerate during Trump's second term.

Tesla Cybertruck First Qualifies for U.S. Tax Credit

The Cybertruck has qualified for a maximum U.S. tax credit of $7,500 this year, marking the first time for this model. This is part of stricter new regulations that took effect on January 1. The rules also eliminated several other electric vehicles from qualifying for federal subsidies.

Market News: In the First Two Days of the New Year, Musk Donated 268,000 Shares of Tesla Stock to an Unnamed Charity

According to a filing submitted on Tuesday, this gift, valued at nearly $112 million, is part of the billionaire's "year-end tax planning" for "certain charitable organizations."

According to The Wall Street Journal: Apple Agrees to Pay $95 Million to Settle a Class Action Lawsuit

The lawsuit accused the company of obtaining private communications through Siri and sharing this information with third parties without consent.

U.S. Stock "Retail Leader" Suspected of Focusing on Popular Stock AppLovin's Former Rival

Roaring Kitty released a short video clip featuring the late musician Rick James, who recorded a well-known song titled "Unity." Unity Software's popularity on social media surged, with related posts increasing fourfold within hours. The sentiment on the X platform was mostly optimistic. Unity Software saw a significant rise, peaking at 16% during the day and closing up over 9%. Earlier on Tuesday evening, Unity Software experienced a block trade of 1.32 million shares, totaling $29.7 million.

Hindenburg's "Shorting India" Targets Wall Street Darling: Used Car Dealer Carvana is a "Century-Long Accounting Fraud"

Hindenburg stated that Carvana is a "century-long accounting fraud between father and son," claiming that the company's "transformation is an illusion." The firm found that Carvana sold $800 million in loans to suspected undisclosed related parties while using accounting manipulation and loose loan approvals to drive temporary revenue growth, while insiders cashed out billions of dollars in stock.

Bank of America’s Key U.S. Stock Indicator is Just One Step Away from Triggering a "Sell" Signal

Bank of America’s indicator tracking Wall Street's outlook on the U.S. stock market is gradually approaching a "reverse sell" signal. Bank of America's "Sell-Side Indicator (SSI)" rose 33 basis points to 57% in December, reaching its highest level since early 2022. The indicator remains in the "neutral" range but is just one percentage point away from triggering a "sell" signal

Ministry of Commerce of China: Measures against Lockheed Martin Missile and Fire Control Company and 10 other U.S. companies added to the unreliable entity list

28 U.S. entities have been included in the export control list.

South Korea's Public Prosecution Service vehicles have arrived at the road in front of the presidential residence, about to execute arrest warrants

On the 3rd local time, vehicles from South Korea's High-ranking Public Officials Crime Investigation Unit have arrived at the road in front of the presidential residence to execute the arrest warrant for Yoon Suk-yeol. It is reported that about 3,000 riot police have been deployed near the presidential residence. (CCTV News)

Regulatory authorities guide listed companies to release all negative news before January 15? China Securities Regulatory Commission: All rumors

CSRC spokesperson Wang Li answered reporters' questions. Question: There are market rumors today that regulatory authorities have guided listed companies to release all negative news before January 15, and that insurance companies are making large redemptions of public funds. What is the CSRC's view? Answer: This information is all rumors. The CSRC has noticed the related false information and has arranged to investigate the source of the information according to the law, and will severely crack down on the fabrication and dissemination of stock market rumors in accordance with the law, continuously purifying the information dissemination environment of the capital market