Moderna, Macy’s and Valero Energy are among the top stock movers now.

What you need to know

• At midday U.S. stocks were mixed, and the Nasdaq lost more than 1% due to concerns about future Federal Reserve rate cuts.
• Moderna reduced its outlook due to concern about the demand for its vaccinations.
• The shares of energy producers have risen in response to the rising price of oil.

U.S. shares were mixed by midday on worries that the Federal Reserve might pull back from plans to reduce interest rates further in the future. Dow Jones Industrial Average rose, but the Nasdaq fell more than 1%. The S&P 500 also was lower.

Moderna shares (MRNA), which are a vaccine manufacturer, plunged after it significantly cut its guidance due to a looming crisis. “uncertainties” What will the demand be in future?

Macy’s (M) stock sank after the biggest U.S. department store chain warned fourth-quarter sales would be at or below earlier estimates because of poor results from underperforming locations.

Shares of Edison International (EIX) and PG&E (PCG) slumped on worries they may be held responsible for the deadly wildfires in California.

The shares of Valero Energy and other oil companies rose after new U.S. restrictions on Russian crude led to the highest futures prices since last summer.

Humana’s (HUM), as well as other health insurers, saw their shares soar on signs that the U.S. could increase Medicare Advantage payments in 2026.

Sage Therapeutics shares (SAGE), which Biogen owns, have risen after Biogen offered to buy all the Sage stock not already owned by it for $7.22 a piece. 

Gold prices fell. Ten-year Treasury yields increased. The U.S. Dollar was higher against the Euro and the Pound but dipped lower against the Japanese yen. The majority of major crypto currencies traded down.

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