Daily Stock Spotlight

Good evening. Stocks fell on the first trading session of the year, extending 2024’s downturn into the new year. Analysts attribute the drop to profit-taking (selling an asset when it has risen in price) and a stronger U.S. dollar.

⬆9.08% Unity Software (NYSE: U)

The San Francisco-based video game software developer featured in a cryptic social media post from Roaring Kitty, the famous initiator behind the GameStop saga.

⬆8.44% Constellation Energy Corporation (NASDAQ: CEG)

The energy giant stock surged after securing two federal contracts worth about $1 billion. The deals include a 10-year, $840 million agreement—the largest in GSA history—to supply power and implement energy-saving initiatives across federal agencies.

⬇2.62% Apple (NASDAQ: AAPL)

Apple stock sank on reports that the consumer electronics giant is offering discounts on several iPhone models in China to compete with domestic rivals.

⬇6.08% Tesla (NASDAQ: TSLA)

The EV maker experienced its first annual sales drop in over a decade. Analysts suggest that to regain momentum, Tesla needs to introduce more affordable models to attract mainstream buyers.

⬇8.25% SoFi Technologies (NASDAQ: SOFI)

The fintech giant’s stock declined today, primarily due to a downgrade by analysts Keefe, Bruyette & Woods (KBW) from "market perform" to "underperform," citing concerns over its high valuation.

⬇⬆ 1-day change
Market data: today’s market close