The Dow Jones Industrial Average fell by 466 points, or 0.94%, closing at 48,996.08 on January 7. The S&P 500 also experienced a decline, dropping 23.87 points, or 0.34%, to end the day at 6,920.95. In contrast, the Nasdaq Composite saw a slight increase, rising 37.1 points, or 0.16%, to close at 23,584.27. These movements reflect ongoing market volatility.