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People shop for a Tesla car in Yichang, China, on December 31, 2024.
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US equities edged higher on the first trading day of the new year as optimism about future corporate growth was somewhat dampened by concerns about the technology sector.
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Uber Technologies and Norwegian Cruise Line Holdings were added to the Goldman Sachs Conviction List in the US.
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Apple cut its iPhone prices in China as competition in the mobile phone market heats up.
US equities started trading in 2025 by edging higher at midday, as positive analyst comments were somewhat offset by technology concerns. The Dow Jones Industrial Average gave up big early gains to trade up 0.2%, while the S&P 500 a Nasdaq were 0.4% and 0.5% higher, respectively.
Shares of Uber Technologies (UBER) and Norwegian Cruise Line Holdings (NCLH) higher when Goldman Sachs added both to its US Conviction List, arguing that both have promising growth potential ahead.
Unity Software Shares (U) took off after “Roaring Kitty” posted a clip on X of the late singer Rick James, who had a song called “Unity,” which some saw as a sign of the meme stock a hero who promoted the stock.
Newmont shares (NOT) and rival gold miners were up as the price of the precious metal started the year jumping 1% after setting a record in 2024.
Tesla (TSLA) was the worst-performing stock in the S&P 500 after the electric vehicle (EV) maker posted disappointing fourth-quarter delivery numbers.
Shares of Neumora Therapeutics (NMRA) plunged to an all-time low when the biopharmaceutical company's experimental depression drug failed to meet goals in a Phase 3 trial.
apple (AAPL) shares fell as the tech giant cut prices for its iPhone in China as it faces more competition.
Oil futures rose. The yield on the 10 year Treasury note was little changed. The US dollar gained on the euro, the pound, and the yen. Most major cryptocurrencies were trading higher.
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Spot gold price.
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