Uber, Unity Software, Tesla and more

U.S. stocks began trading 2025 higher at midday, as upbeat analyst comments were offset somewhat by technology 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.

Shares of Uber Technologies ( UBER ) and Norwegian Cruise Line Holdings ( NCLH ) advanced as Goldman Sachs added both to its US conviction list, arguing that both have promising growth potential ahead.

Shares of Unity Software ( U ) rallied after “Roaring Kitty” posted a clip on X of late singer Rick James featuring a song called “Unity,” which some saw as a sign the meme-stock hero was promoting the share.

Shares in Newmont ( NEM ) and rival gold miners rose as the price of the precious metal began the year jumping 1% after hitting a 2024 record.

Tesla ( TSLA ) was the worst-performing stock in the S&P 500 after the electric carmaker posted disappointing fourth-quarter delivery numbers.

Shares of Neumora Therapeutics ( NMRA ) fell to a record low after the biopharmaceutical company’s experimental depression drug failed to meet targets in a Phase 3 trial.

Apple ( AAPL ) shares fell as the tech giant cut prices on its iPhone in China as it faces increased competition.

Oil futures rose. The interest rate on the 10-year government bond was little changed. The US dollar rose against the euro, pound and yen. Most major cryptocurrencies were trading higher.