Uber, Unity Software, Tesla, and More
Main points
- U.S. stocks edged higher on the first trading day of the new year as worries about the technology sector tempered optimism about future corporate growth.
- Uber Technologies and Norwegian Cruise Line Holdings have been added to Goldman Sachs’ US conviction list.
- As competition in China’s mobile phone market intensifies, Apple has lowered the price of iPhones in China.
U.S. stocks started 2025 trading slightly higher at midday, with positive commentary from analysts offset in part by concerns about technology. this Dow Jones Industrial Average gave up sharp early gains to rise 0.2%, while S&P 500 Index and Nasdaq 0.4% and 0.5% higher respectively.
Uber Technologies Inc. stock (Uber) and Norwegian Cruise Line Holdings (NCLHThe company’s shares rose when Goldman Sachs added the two companies to its U.S. ordering list, arguing that both companies have bright future growth potential.
Shares of Unity Software (U) became popular after “Roaring Kitty” posted a clip on X of late singer Rick James, who had a song called “Unity” that some believed marked meme stocks The hero is promoting stocks.
Newmont Corporation’s stock (no) and gains in rival gold mining stocks, with the precious metal rising 1% to start the year after hitting a record high in 2024.
Tesla (Tesla) was the worst-performing stock on the S&P 500 after the electric vehicle (EV) maker reported disappointing fourth-quarter delivery numbers.
Neumora Therapeutics stock (NMRASales of the biopharmaceutical company’s experimental depression drug fell to an all-time low when the drug failed to meet goals in a Phase 3 trial.
apple(AAPLThe tech giant slashed iPhone prices in China due to increased competition, sending the company’s stock price lower.
Oil futures rose. The 10-year Treasury yield was little changed. The dollar rose against the euro, pound and yen. Most major cryptocurrencies are trading higher.