Key Takeaways.
- The S & P 500 experienced no significant gains in value. The stock market reversal on Tuesday, December and829ExCes22024 resulted in a 4 % decline.
- The shares of Tesla fell sharply before the company would release a quarterly update on vehicle deliveries later this week.
- A report stating that Moderna’s stock was among the best it could produce by 2025, which led to an uptick in its Shares.
Despite promising returns for investors in stocks this year, major United States equity indexes fell on the last trading day of the year and continued a downward trend after Christmas.
The S & P 500 posted morning gains, leading to a decline of 0 in The New Year’s Eve session. 4 %. The Nasdaq Composite experienced a 0.0% decline. The tech sector saw a 9 % decline in earnings, while the Dow dropped below 0 and investors waveered by. 1 %.
Tesla (. TSLA. ) shares dropped 3. A loss of 3% is the most significant among all S & P 500 stocks. The carmaker is. Scheduled to disclose the quarterly delivery figures. Thursday marks the start of the new market year. Despite expectations of a record fourth-quarter delivery from Tesla, the stock’s value may fall short of guidance even if the consensus is followed.
Although Nvidia (. NVDA. The stock experienced a remarkable increase of over 170 percent in 2024, while the semiconductor giant’s shares decreased by 2 percentage points. 3 % in the last session of the year. Despite this, experts maintain positive long-term projections for the chipmaker, projecting strong growth in the artificial intelligence (AI), gaming, and enterprise industries driven by AI and gaming technology.
NRG Energy, a power generator located in Texas, has Shares that are part of its holdings. NRG. ) sank 2.1 %. As investors looked at how utilities could provide electricity to power energy-intensive AI data centers, The stock’s gains for The year were only partially reversed by The decline. NRG stock ended up slashed almost 75% in the year 2024, but only after it rallied on Tuesday.
Moderna (. MRNA. ) shares jumped 5. The S & P 500’s best daily performance in 2024 will be achieved in the closing session with a 6 %. Barron’s. Stated that the stock of vaccine company is a top pick for next year, suggesting that shares appear undervalued after experiencing annual declines of more than 50 percent. Despite concerns among analysts regarding Moderna’s increased spending on research and development, the potential use of vaccines against cytomegalovirus and personalized cancer vaccine could potentially generate a sales boost.
A number of oil and gas stocks experienced positive developments on Tuesday, with the manufacturing sector’s positive outlook boosting crude oil futures prices. APA Corporation829Express-Engineering and Production (EGIC) Shares. APA. ) added 3. Marathon Petroleum’s refinery holdings have no ownership, with only 0 % of shares. MPC. ) were up 2.9 %.
The Shares of Lamb Weston, a distributor of frozen potatoes. LW. ) gained 2.9 %. During The final days of 2024, The stock experienced significant fluctuations as activist investor Jana Partners amplified its push for changes to The company by teaming up with another former company executive. Following its quarterly loss and subsequent reduction in its full-year outlook, Lamb Weston was put under pressure by Jana to install a new CEO earlier this month.
Tips @ investopedia. Com.