MRKT MATRIX: January 2, 2025

Today’s Top Stories:

• Dow reverses course and drops more than 100 points in volatile start to 2025 (CNBC)

• Wall Street will have to steer through several potential landmines in January (CNBC)

• Bank of America sentiment indicator nears euphoria level, a contrarian market ‘sell’ signal (CNBC)

• Tesla’s Annual EV Sales Drop for First Time in Over a Decade (Bloomberg)

• Big Retail Gets Bigger as Smaller Players Struggle (WSJ)

• US Mortgage Rates Approach 7% in Ominous Sign for Housing Market (Bloomberg)

• US Initial Jobless Claims Fall to Eight-Month Low to End 2024 (Bloomberg)

• US Dockworkers, Port Employers to Restart Talks Next Week (Bloomberg)

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