A selloff in shares of Tesla Inc. and Apple Inc. quickly metastasized on Thursday, helping to drag U.S. stock benchmarks like the S&P 500 and Nasdaq Composite lower during the first trading day of 2025.
But on Friday, shares of the market’s most influential stocks were bouncing back, with Tesla, Nvidia and Amazon.com Inc. all up more than 2% on the day in recent trade. Shares of Meta Platforms Inc., Alphabet Inc. and Microsoft Corp. weren’t far behind.
Meanwhile, Apple was nursing a mild decline.