On January 2, 2025, the US stock market closed with mixed results. The Dow Jones Industrial Average fell by 0.36%, the NASDAQ Composite decreased by 0.16%, and the S&P 500 declined by 0.22%.

In sector performance, fuel cell stocks saw significant gains with Plug Power rising 9.39%, Bloom Energy Corp up 5.22%, and Ballard Power increasing by 10.84%. Silver stocks also performed well, with Pan American Silver up 5.69%, First Majestic Silver rising 8.38%, and Endeavour Silver gaining 9.29%. Cannabis stocks experienced notable increases, with Canopy Growth Corporation up 5.11%, Tilray Inc. rising 9.77%, and Aurora Cannabis Inc increasing by 5.88%. Solar energy stocks also saw gains, with Daqo New up 4.12%, Sunrun rising 10.38%, and SolarEdge increasing by 8.82%. Gold stocks were strong as well, with Gold Fields up 6.52%, Anglogold Ashanti rising 5.46%, and Barrick Gold Corp increasing by 3.03%.

Apple fell by 2.62% after the company agreed to pay $95 million to settle a class action lawsuit alleging that its Siri assistant violated users' privacy. Additionally, Apple lowered iPhone prices in China to counter Huawei's market rise.

NVIDIA rose by 2.99% as part of a broader gain in megacap growth stocks. The company was among the top performers following a strong 2024.

Tesla Motors dropped by 6.08% after reporting lower-than-expected fourth-quarter deliveries. The company delivered 495,570 vehicles, missing analysts' estimates and marking its first annual drop in deliveries since 2015.

Meta Platforms Inc. increased by 2.34% after JMP Securities raised its price target for the company from $660.00 to $750.00 per share.

Uber rose by 4.72% despite being downgraded by JMP Securities from Market Outperform to Market Perform. Goldman Sachs maintained a positive outlook with a price target of $96.00 per share.

MicroStrategy gained 3.59% as Bitcoin prices surged, benefiting crypto-linked companies.