Stefan Sauer / picture alliance via Getty Images Shares of cruise operators dropped when Viking Holdings reported fewer passengers than expected in the first quarter.

Key Takeaways

U.S. equities were down at midday as tech and travel shares fell. Airbnb ordered by Spanish authorities to take down 66,000 listings there. Moderna shares soared following a decision by the Food and Drug Administration about approving COVID-19 vaccine boosters.

U.S. equities were lower at midday, dragged by tech and travel stocks. The Dow Jones Industrial Average, S&P 500, and Nasdaq were all lower.

Shares of cruise operators dropped when Viking Holdings (VIK) reported fewer passengers than expected in the first quarter.

Airbnb (ABNB) shares fell after Spanish officials ordered the vacation rental site to take down 66,000 listings, accusing it of violating housing rules.

Shares of power provider AES (AES) tumbled on a downgrade and price target cut from Jefferies, which raised concerns about future demand for renewable energy.

Moderna (MRNA) was the best-performing stock in the S&P 500 as the Food and Drug Administration (FDA) set new guidelines for approving COVID-19 vaccine boosters for healthy people.

Uber Technologies (UBER) shares traded at a record high after JPMorgan analysts raised the price target for the ride-share company, citing upbeat comments from executives and the outlook for its position in the autonomous vehicle (AV) technology market.

Also hitting an all-time high were shares of Amer Sports (AS). The athletic apparel and equipment manufacturer topped profit and sales forecasts and boosted its outlook on higher sales of its running shoes. Amer Sports also said its performance will continue to grow despite U.S. tariffs.

Oil futures declined. Gold prices and the yield on the 10-year Treasury note rose. The U.S. dollar lost ground to the euro, pound, and yen. Most major cryptocurrencies traded lower.  TradingView

Read the original article on Investopedia

View Comments