Morning Brief 03/01/2025

U.S. stocks fell in the first trading day of the new year, while the dollar hit a two-year high after economic data indicated the U.S. labor market remained on solid ground. The U.S. Labor Department reported that the number of Americans filing new applications for unemployment benefits dropped to an eight-month low of 211,000 last week, below the 222,000 estimate of economists polled by Reuters. Tesla shares fall 6.08% after the electric vehicle maker reported its first decline in annual deliveries.