Moderna Weighs Down the Stock Market; Uber, Fastly Fall

Stocks remained in somewhat of a holding pattern on Thursday morning, as investors tried to figure out the potential future course of the stock market despite a host of countervailing factors pulling indexes in different directions. Major benchmarks once again saw mixed performance, reflecting the efforts among market participants to rotate into the most promising stocks available. Moderna (NASDAQ: MRNA) has been one of the most-watched stocks in the market over the past year, but even though the biotech stock announced favorable earnings results, investors are worried about the possible ramifications of efforts going on at the federal government level regarding its COVID-19 vaccine.