Key Takeaways
U.S. equities gave up early gains and turned lower at midday as the markets were wrapping up the final trading day of 2024. The
Dow Jones Industrial Average
,
S&P 500
, and
Nasdaq
were slightly lower.
Moderna (
MRNA
) was the best-performing stock in the S&P 500 as
Barron’s
called it “too cheap” and named the biotech firm as one of its top 10 picks of 2025.
Shares of Verisign (
VRSN
) advanced when Warren Buffett’s Berkshire Hathaway (
BRK.A
) increased its stake in the internet domain name provider.
American depositary receipts (ADRs)
of Alibaba Group Holding (
BABA
) rose after the Chinese internet giant’s cloud computing unit slashed prices on its
artificial intelligence (AI)
product that perceives texts and images.
Tesla (
TSLA
) shares were heading for a four-day losing streak, as investors continued to worry about the likelihood that the electric vehicle (EV) maker’s full-year deliveries won’t meet the company’s expectations.
Shares of Dave (
DAVE
) tumbled as the online bank changed its fee schedule after the Department of Justice filed a lawsuit against the company following a
Federal Trade Commission (FTC)
complaint that it was misleading customers.
Sangamo Therapeutics (
SGMO
) shares lost half their value when the biopharma firm said that Pfizer (
PFE
) had canceled its agreement to co-develop a hemophilia drug.
Oil and gold futures gained, but after yesterday’s big jump, natural gas futures sank. The yield on the 10-year Treasury note was slightly higher. The U.S. dollar climbed against the euro, pound, and yen. Prices for most major cryptocurrencies were higher.
Read the original article on
Investopedia
