United States benchmark averages closed higher on Friday (Saturday AEDT), although the Magnificent Seven stocks sank as Tesla’s fourth quarter deliveries fell below estimates.
The S&P 500 ended up 0.2% to 6,858.47, the Dow Jones Industrial Average climbed 0.7% to 48,382.39 and the Nasdaq Composite was roughly flat at 23,235.63.
Tesla shares dropped 2.6% after reporting 418,227 vehicle deliveries last quarter, a 16% decline which was well below estimates of 426,000.
Across 2025, Tesla deliveries fell by 8.6%, marking a second consecutive year of declines and positioning China-based competitor BYD as the world’s best-selling electric vehicle maker.
“Tesla’s ‘doom' in the 2025 rankings stemmed from a combination of an aging product line-up and intensifying political headwinds," wrote Zacks Investment Research senior analyst Aparajita Dutta.
"The expiration of the $7,500 U.S. tax credit — under legislation supported by President Donald Trump — stifled domestic demand, while the company also failed to make a strong impression in international markets."
In total, Magnificent Seven stocks dipped by 1% on Friday. Amazon shed 1.9%, Microsoft dropped 2.2% and Meta fell 1.5%.
Nvidia gained 1.3% after the company’s Chief Accounting Officer said in a filing that he would sell up to 80,000 shares.
U.S. two-year bond yields were roughly flat on Friday at 3.4888%, while 10-year yields were up 0.02% to 4.195%.
