{"id":669670,"date":"2026-01-02T20:13:09","date_gmt":"2026-01-02T20:13:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/669670\/"},"modified":"2026-01-02T20:13:09","modified_gmt":"2026-01-02T20:13:09","slug":"sp-500-nasdaq-dip-to-start-2026-after-last-years-robust-gains","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/669670\/","title":{"rendered":"S&#038;P 500, Nasdaq dip to start 2026 after last year&#8217;s robust gains"},"content":{"rendered":"<ul data-testid=\"Summary\" class=\"summary-module__summary__QjADA\">\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Indexes: Dow up 0.06%, S&amp;P 500 -0.31%, Nasdaq -0.50%<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Furniture retailers rise after Trump postpones tariff hikes<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Tesla slips after annual sales drop for second year<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">S&amp;P 500, Dow set for steepest weekly loss in over a month<\/li>\n<\/ul>\n<p>Jan 2 (Reuters) &#8211; The S&amp;P 500 and the Nasdaq pared early gains and then dipped on Friday in the first session of the new year, with declines in communications and consumer discretionary stocks dragging the indexes which notched double-digit gains in 2025.<\/p>\n<p>Industrials <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.SPLRCI\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.SPLRCI), opens new tab<\/a> were up 1% and utilities <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.SPLRCU\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.SPLRCU), opens new tab<\/a> gained 1.3%, the top boosts to the S&amp;P 500 and the Nasdaq. Both sectors were set for their biggest one-day percentage gain in weeks.<\/p>\n<p data-testid=\"promo-box\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h\"> Sign up  <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/us-stock-futures-make-positive-start-2026-risk-appetite-returns-after-recent-2026-01-02\/undefined?location=article-paragraph&amp;redirectUrl=%2Fbusiness%2Fus-stock-futures-make-positive-start-2026-risk-appetite-returns-after-recent-2026-01-02%2F\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" target=\"_blank\" rel=\"noopener\">here.<\/a><\/p>\n<p>Chip stocks also provided a boost, with the Philadelphia SE Semiconductor index <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.SOX\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.SOX), opens new tab<\/a> up 3.5%.The S&amp;P 500 and the Nasdaq, however, reversed course as losses in consumer discretionary stocks, including Amazon <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/AMZN.O\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(AMZN.O), opens new tab<\/a>, weighed. Tesla <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/TSLA.O\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(TSLA.O), opens new tab<\/a> slid 1.4% after its <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/teslas-quarterly-deliveries-fall-more-than-expected-lower-ev-demand-2026-01-02\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" target=\"_blank\" rel=\"noopener\">annual sales fell<\/a> for a second year.At 1:50 p.m. the Dow Jones Industrial Average <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.DJI\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.DJI), opens new tab<\/a> was up 28.89 points, or 0.06%, to 48,092.18, but the S&amp;P 500 <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.SPX\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.SPX), opens new tab<\/a> lost 20.93 points, or 0.31%, to 6,824.57 and the Nasdaq Composite <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.IXIC\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.IXIC), opens new tab<\/a> lost 117.18 points, or 0.50%, to 23,124.81.<\/p>\n<p>&#8220;Stocks trade expensive on 18 of 20 measures, and we see elevated risks to the index level in the near term,&#8221; said Savita Subramanian, Bank of America&#8217;s equity and quant strategist, in a note.<\/p>\n<p>From a historical perspective, today&#8217;s S&amp;P is higher quality, more asset light and less leveraged, &#8220;but risks to the index abound in 2026,&#8221; the note said.<\/p>\n<p>Caterpillar <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/CAT.N\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(CAT.N), opens new tab<\/a> and Boeing <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/BA.N\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(BA.N), opens new tab<\/a> rose over 3% each, boosting the Dow.<\/p>\n<p>The S&amp;P 500 and the Nasdaq are set for their fifth session in the red, dashing expectations for a &#8220;Santa Claus rally&#8221; in which markets tend to get a late boost over the last five trading days of December and the first two of January, according to the Stock Trader&#8217;s Almanac.<\/p>\n<p>The S&amp;P 500 and the Dow were set for their steepest weekly decline in over a month.<\/p>\n<p>All three main indexes ended 2025 with double-digit gains &#8211; their third consecutive year in the green, a run last seen during 2019-2021.<\/p>\n<p>The Federal Reserve&#8217;s monetary policy trajectory will set the tone for global markets in 2026, after recent economic data and expectations of a new dovish Fed chair prompted investors to price in further reductions.<\/p>\n<p>&#8220;The next Fed Chair is probably going to be much more dovish than Jerome Powell. So I would imagine that we actually see in the second half of this year that interest rates go down substantially,&#8221; said Dennis Dick, chief market strategist at Stock Trader Network.<\/p>\n<p>&#8220;And that&#8217;s going to be good for all stocks, not just tech stocks.&#8221;<\/p>\n<p>A key highlight for January will be next week&#8217;s labor market data, especially after Powell, at the central bank&#8217;s December meeting, cautioned against further interest rate cuts until there was more clarity on jobs.<\/p>\n<p>Wall Street had made a stellar comeback in 2025 from April&#8217;s lows when Trump&#8217;s &#8216;Liberation Day&#8217; tariffs sparked a meltdown in global markets, sent investors away from U.S. stocks and threatened growth by clouding the interest rate outlook.<\/p>\n<p>Tariff surprises from Trump will be on the radar, especially after he <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/us\/trump-delays-tariff-hike-upholstered-furniture-kitchen-cabinets-by-one-year-2026-01-01\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" target=\"_blank\" rel=\"noopener\">signed a proclamation<\/a> to delay increases in tariffs for upholstered furniture, kitchen cabinets and vanities for another year, the White House said.Shares of furniture retailers Wayfair <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/W.N\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(W.N), opens new tab<\/a>, Williams-Sonoma <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/WSM.N\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(WSM.N), opens new tab<\/a> and RH <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/RH.N\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(RH.N), opens new tab<\/a> were up 5.9%, 4.9% and 8.7%, respectively.<\/p>\n<p>Advancing issues outnumbered decliners by a 1.5-to-1 ratio on the NYSE. There were 179 new highs and 82 new lows on the NYSE.<\/p>\n<p>On the Nasdaq, 2,535 stocks rose and 2,069 fell as advancing issues outnumbered decliners by a 1.23-to-1 ratio.<\/p>\n<p>The S&amp;P 500 posted 8 new 52-week highs and 9 new lows while the Nasdaq Composite recorded 45 new highs and 70 new lows.<\/p>\n<p data-testid=\"SignOff\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__full_width__kCIGb body-module__extra_small_body__Bfz20 sign-off-module__text__LQAMP\">Reporting by Purvi Agarwal and Nikhil Sharma in Bengaluru and Saeed Azhar in New York; Editing by Krishna Chandra Eluri and David Gregorio<\/p>\n<p data-testid=\"Body\" dir=\"ltr\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__element__5eCce article-body-module__trust-badge__5mS3f\">Our Standards: <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__small__sph8i link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n<p><a href=\"https:\/\/www.reutersagency.com\/en\/licensereuterscontent\/?utm_medium=rcom-article-media&amp;utm_campaign=rcom-rcp-lead\" target=\"_blank\" dir=\"ltr\" class=\"button-module__link__A3sD0 button-module__secondary__70gBu button-module__round__QDFgq button-module__w_auto__Sem-F\" data-testid=\"LicenceContentButton\" rel=\"noopener\">Purchase Licensing Rights<\/a><a data-testid=\"AuthorBioImageLink\" class=\"author-bio-module__author-image__jcaG3\" href=\"https:\/\/www.reuters.com\/authors\/saeed-azhar\/\" referrerpolicy=\"no-referrer-when-downgrade\" tabindex=\"-1\" target=\"_blank\" rel=\"noopener\"><\/a><\/p>\n<p data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__base__o--Cl body-module__extra_small_body__Bfz20 author-bio-module__description__9ynkB\">Saeed Azhar is a Reuters financial journalist and part of the U.S. banking team, which covers Wall Street&#8217;s biggest banks. He focuses on Goldman Sachs and Bank of America, and also writes about regional banks. Before moving to New York in July 2022, he led the finance team in the Middle East from Dubai, and also worked in Singapore, covering Southeast Asia finance.<\/p>\n","protected":false},"excerpt":{"rendered":"Indexes: Dow up 0.06%, S&amp;P 500 -0.31%, Nasdaq -0.50% Furniture retailers rise after Trump postpones tariff hikes Tesla&hellip;\n","protected":false},"author":2,"featured_media":669671,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[203987,203988,201793,201794,124884,203998,43072,168710,51,203999,202988,84737,204000,202192,203989,168726,168721,201812,168727,202337,201806,201816,168730,168724,203986,168731,201809,201814,202338,201807,202336,202340,202339,201822,202341,202126,201821,201810,168728,202870,168722,168734,201808,168723,201815,201813,202335,168729,168732,130030,84738,204001,124880,201798,201799,107673,203990,84740,202851,124887,84742,124882,67726,168719,203996,203985,84728,111302,203993,203991,203992,4566,203994,203995,84743,84744,203997,84729,16,15,978,124883],"class_list":{"0":"post-669670","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-n","9":"tag-n-p","10":"tag-aer","11":"tag-aero","12":"tag-amers","13":"tag-aut","14":"tag-auto","15":"tag-blr","16":"tag-business","17":"tag-carm","18":"tag-cen","19":"tag-cmpny","20":"tag-comair","21":"tag-cycs","22":"tag-dept","23":"tag-destabn","24":"tag-destabx","25":"tag-destafa","26":"tag-destbnx","27":"tag-destc","28":"tag-destcsa","29":"tag-destd","30":"tag-destdnp","31":"tag-deste","32":"tag-destfca","33":"tag-destfun","34":"tag-destg","35":"tag-destgns","36":"tag-destgro","37":"tag-destlby","38":"tag-destm","39":"tag-destmtl","40":"tag-desto","41":"tag-destocabsm","42":"tag-destoil","43":"tag-destortao","44":"tag-destousbsm","45":"tag-destpge","46":"tag-destpsc","47":"tag-destptd","48":"tag-destrast","49":"tag-destrbn","50":"tag-destreulb","51":"tag-destrnp","52":"tag-destrws","53":"tag-destrwsa","54":"tag-destsof","55":"tag-destu","56":"tag-destucdptest","57":"tag-drv","58":"tag-eco","59":"tag-eleav","60":"tag-gen","61":"tag-indg","62":"tag-inds","63":"tag-int","64":"tag-mailod","65":"tag-mce","66":"tag-mktrep","67":"tag-namer","68":"tag-news1","69":"tag-pol","70":"tag-potus","71":"tag-publ","72":"tag-ratielectrification-zero-emmision","73":"tag-ratisustainable-ev-supply-chain","74":"tag-rep","75":"tag-ret","76":"tag-rgen","77":"tag-rhom","78":"tag-rhom1","79":"tag-shop","80":"tag-shopal","81":"tag-spcret","82":"tag-stx","83":"tag-topcmb","84":"tag-topicrati-supply-chain-manufacturing","85":"tag-topnws","86":"tag-uk","87":"tag-united-kingdom","88":"tag-us","89":"tag-wash"},"share_on_mastodon":{"url":"","error":"Validation failed: Text character limit of 500 exceeded"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/669670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=669670"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/669670\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/669671"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=669670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=669670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=669670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}