Key Takeaways

U.S. equities gave up early gains and turned lower at midday as the markets were wrapping up the final trading day of 2024. The Dow Jones Industrial Average , S&P 500 , and Nasdaq were slightly lower.

Moderna ( MRNA ) was the best-performing stock in the S&P 500 as Barron's called it "too cheap" and named the biotech firm as one of its top 10 picks of 2025.

Shares of Verisign ( VRSN ) advanced when Warren Buffett's Berkshire Hathaway ( BRK.A ) increased its stake in the internet domain name provider.

American depositary receipts (ADRs) of Alibaba Group Holding ( BABA ) rose after the Chinese internet giant's cloud computing unit slashed prices on its artificial intelligence (AI) product that perceives texts and images.

Tesla ( TSLA ) shares were heading for a four-day losing streak, as investors continued to worry about the likelihood that the electric vehicle (EV) maker's full-year deliveries won't meet the company's expectations.

Shares of Dave ( DAVE ) tumbled as the online bank changed its fee schedule after the Department of Justice filed a lawsuit against the company following a Federal Trade Commission (FTC) complaint that it was misleading customers.

Sangamo Therapeutics ( SGMO ) shares lost half their value when the biopharma firm said that Pfizer ( PFE ) had canceled its agreement to co-develop a hemophilia drug.

Oil and gold futures gained, but after yesterday's big jump, natural gas futures sank. The yield on the 10-year Treasury note was slightly higher. The U.S. dollar climbed against the euro, pound, and yen. Prices for most major cryptocurrencies were higher.

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