BUZZ-U.S. STOCKS ON THE MOVE-Tesla, Levi Strauss, BioNTech

Reuters
2025.05.20 15:39
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U.S. stocks experienced declines, particularly in technology, as investors awaited Federal Reserve commentary on tariffs. The Dow fell 0.14%, S&P 500 down 0.27%, and Nasdaq dropped 0.39%. Notable gainers included Moderna (+9.1%) and Dollar General (+4.0%), while Airbnb (-2.8%) and Norwegian Cruise Line (-2.5%) were among the losers. Tesla rose as Musk committed to five more years as CEO, and Levi Strauss gained on the sale of Dockers for $311 million. BioNTech also saw an increase after announcing a UK investment expansion of up to $1.33 billion.