The US stock market opened the new year with a mixed tone, as the S&P 500 index edged 0.19% higher, while the Nasdaq Composite slipped 0.03%. The Dow Jones Industrial Average, however, showed more resilience, advancing 0.66%. Overall, the market’s sentiment was cautious, with investors still digesting the implications of the recent economic developments.

Sector rotation continued to shape the market’s performance, with Energy, Industrial, and Materials leading the charge, rising 2.1%, 1.8%, and 1.7%, respectively. In contrast, Consumer Staples, Communication, and Consumer Discretionary lagged, posting gains of just 0.0%, -0.7%, and -0.9%, respectively. Among individual stocks, Accenture (ACN) and Tesla (TSLA) fell 3.1% and 2.6%, respectively, as sellers took control. On the other hand, ConocoPhillips (CVX) bucked the trend, rising 2.3%. These movements reflect the ongoing uncertainty in the market, as investors wait for clearer signs of direction in the coming days.