The Key Takeaways
- U.S. stocks edged up on the first day of trading in 2019, as concerns over the technology sector dampened optimism for future corporate growth.
- Uber Technologies and Norwegian Cruise Line Holdings were added to Goldman Sachs' U.S. Conviction List.
- Apple cut the prices of iPhones in China due to fierce competition in that country’s cellphone market.
U.S. equity markets began their 2025 trading with a slight increase at midday as the positive remarks of analysts were partially offset by tech-related concerns. The Dow Jones Industrial Average gave up big early gains to trade up 0.2%, while the S&P 500 and Nasdaq were 0.4% and 0.5% higher, respectively.
Goldman Sachs has added Norwegian Cruise Line Holdings, Inc. (NCLH), and Uber Technologies, Inc. (UBER) to its U.S. Conviction List, saying both companies have a promising future of growth.
After the announcement of “Unity Software” (U), shares of Unity Software (U), soared in value. “Roaring Kitty” X posted a video of Rick James’s song “Getaway” by the late singer. “Unity,” Many saw the image of the stock meme hero as a way to market the stock.
Newmont shares (NEM) as well rival gold miner’s were higher after the precious metal price began this year by jumping 1% following a record 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.
The shares of Neumora Therapeutics fell to a new low after the company’s Phase 3 depression trial failed to achieve its goals.
Apple’s (AAPL) share price dropped when the tech giant lowered prices in China for its iPhone due to increasing competition.
Oil futures rose. The 10-year Treasury yield was not much different. The U.S. currency gained against the euro, pound and yen. All major cryptocurrencies were trading higher.
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