Tesla, Moderna, Ulta Beauty, and More: Key Stock Movers Now
On January 7, 2025, U.S. equities experienced mixed movements amid inflation concerns stemming from a new services sector report. The Nasdaq declined by 1.2%, the S&P 500 also saw a decrease, while the Dow Jones Industrial Average registered a slight increase.Tesla Inc. (TSLA): Shares fell following the initiation of a federal investigation into potential issues with its "Actually Smart Summon" feature. Additionally, Bank of America downgraded the stock, contributing to the decline.
Moderna Inc. (MRNA): The stock rose significantly on expectations for its bird flu vaccine amid new U.S. cases. The first U.S. bird flu death was reported, increasing interest in Moderna's H5N1 vaccine development.
Ulta Beauty Inc. (ULTA): Shares increased due to strong holiday sales and the announcement of a leadership change, with Kecia Steelman appointed as the new CEO. The company also provided an improved fourth-quarter sales forecast, attributing it to stronger holiday trends.
Getty Images Holdings Inc. (GETY) and Shutterstock Inc. (SSTK): Both companies announced a merger, leading to substantial gains in their stock prices.
Palantir Technologies Inc. (PLTR): The stock continued to decline following a warning from Morgan Stanley about its high valuation.
Meta Platforms Inc. (META): Shares faced a downturn after the company discontinued its third-party fact-checking system.
Additionally, oil and gold futures rose, the 10-year Treasury yield gained, the U.S. dollar appreciated against other major currencies, and most major cryptocurrencies experienced a dip.
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