U.S. stocks are recoiling on worries that good news on the job market may prove to be bad for Wall Street by keeping inflation and interest rates high.

Asian shares mostly rose Tuesday, deriving optimism from rising technology stocks on Wall Street, led by Nvidia. Japan's benchmark Nikkei 225 jumped 2.4% in morning trading to 40,248.68. Hong Kong's Hang Seng index slid 0.

A soft finish to 2024 still left stocks with a second straight stellar year. The S&P 500 logged a 23.3% gain, which follows a 24% rise in 2023. The combined gains of more than 53% was the largest two-year percentage jump for the index since year-end 1998,

Good news on the U.S. economy is back to being bad for Wall Street, and the stock market is sinking Tuesday toward its worst day in nearly three weeks following better-than-expected reports on the job market and business activity.

Most Wall Street analysts see upside in the stock market in 2025. Here's what investors should know.

U.S. stock futures quickly tumbled after the government said U.S. employers added a stronger-than-expected 256,000 jobs in December. Economists were expecting hiring to increase by 153,000.