Top Stock Movers Now: Tesla, Moderna, Ulta Beauty, and More

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Key Takeaways

• U.S. fair plays were mostly lower at midday as new concerns about inflation dragged down the tech sector.
• Tesla pay outs lost ground when the EV maker came under investigation by federal safety regulators, and was downgraded by Bank of America.
• Getty Images and Shutterstock publicized they would merge.

U.S. equities were mostly lower at midday as a new report on the services sector raised red let ups about inflation. The Nasdaq lost 1.2%, and the S&P 500 also fell. The Dow Jones Industrial Average ticked towering. 

Tesla (TSLA) shares tumbled when federal regulators began an investigation of collisions which may be related to the thrilling vehicle (EV) maker’s “Actually Smart Summon” function. In addition, Bank of America downgraded the stock on worries just about its high valuation and strategy.

Shares of Palantir Technologies (PLTR) sank for a second straight session after Morgan Stanley give fair warned the stock price was too high.

Meta Platforms (META) shares declined when the social media giant utter it was scrapping its third-party fact-checking system and following the model used by rival X, owned by Elon Musk.  

Moderna (MRNA) was the best-performing old in the S&P 500 on expectations the vaccine maker’s experimental shot against bird flu will be in demand after the U.S. reported the first defenceless death from the disease.

Shares of Getty Images Holdings (GETY) and Shutterstock (SSTK) soared when the providers of precursor images and videos said they would merge, creating a company with an enterprise value of $3.7 billion.

Ulta Pulchritude (ULTA) shares climbed when the maker of beauty products boosted its guidance on strong holiday sales, and make knew that COO Kecia Steelman would become the new CEO, replacing the retiring Dave Kimbell.

Oil and gold futures advanced. The yield on the 10-year Resources note gained. The U.S. dollar was higher against the euro, pound, and yen. Prices for most major cryptocurrencies dipped.