By Johann M Cherian and Purvi Agarwal
January 2, 2025 – 7:35 AM PST
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(Reuters) – Wall Street’s main indexes rose in the first trading session of 2025 as investors pinned their hopes on a fresh political landscape and more interest rate cuts, but Tesla limited gains on the Nasdaq after a dour deliveries report.
At 09:56 a.m. ET, the Dow Jones Industrial Average (.DJI) rose 339.67 points, or 0.80%, to 42,885.17, the S&P 500 (.SPX) gained 43.93 points, or 0.75%, to 5,925.56 and the Nasdaq Composite (.IXIC) gained 158.61 points, or 0.82%, to 19,469.40.
An index tracking small-cap stocks (.RUT) also rose 1.4%.
Eight out of the 11 S&P 500 sectors advanced, led by energy (.SPNY) stocks, while real estate (.SPLRCR) dipped 0.1%.
Tesla (TSLA.O), down 3.6%, touched an over three-week low after reporting its first…
