Wall Street Rattled by Rough Start to New Year: Markets Wrap
- Tesla drops after disappointing fourth-quarter deliveries
- Dollar climbs to highest in more than two years; euro weakens
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Major US benchmarks extended a selloff for a fifth day, shaving more than a trillion dollars from share prices. A pair of deadly attacks compounded market angst, starting the first trading day of the year on a dour note.
An early rally collapsed driving the Nasdaq 100 down more than 1%. The tech-heavy gauge and the S&P 500 clawed back losses to end Thursday down 0.2%. Tesla Inc.’s post-Christmas slump swelled to nearly 20% after its annual vehicle sales dropped, dragging on the indexes.