S&P 500 Declines Amid Inflation Concerns; Moderna Rises on Bird Flu Vaccine News

Reported 1 day ago

On January 7, 2025, the S&P 500 fell by 1.1% due to concerns over inflation highlighted by U.S. manufacturing data. Despite the overall market decline, Moderna's shares surged by 11.7% following reports of the country's first bird flu fatality, as interest grew in their experimental H5N1 vaccine. Other notable losses included Palantir Technologies and Nvidia, which faced valuation concerns and lack of detailed announcements on new products, respectively.

Source: YAHOO

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