US Market News (27.12.22)
📢 US Stocks closed mixed on Tuesday. S&P 500 fell 0.4% and Nasdaq declined 1.4% while Dow ended 0.1% higher as investors remain cautious of the economic outlook for 2023.
🚗 Tesla dropped by more than 11% amid reduced production in its Shanghai factory due to Covid fears.
📉 Southwest Airlines declined almost 6% as the airline cancelled a number of flights after a snowstorm.
👎 Apple dropped 1% as worries over supply of iPhones during the holiday season emerged amid rising Covid cases in China.
🎯 Nio slid more than 8% after it reduced its delivery outlook for the fourth quarter.
🚗 Tesla dropped by more than 11% amid reduced production in its Shanghai factory due to Covid fears.
📉 Southwest Airlines declined almost 6% as the airline cancelled a number of flights after a snowstorm.
👎 Apple dropped 1% as worries over supply of iPhones during the holiday season emerged amid rising Covid cases in China.
🎯 Nio slid more than 8% after it reduced its delivery outlook for the fourth quarter.
US Stock Markets (27.12.22): Stock Wise News & Updates
| US stocks in News (Price Action) | Reason behind the move |
|---|---|
Arcimoto hit record lows | Arcimoto share price dropped to record lows after several analysts and investors pared back expectations for global EV sales in the near term. |
Tesla dropped 11% | Tesla share price fell after reports suggested the electric carmaker plans to run its Shanghai plant at reduced outputs. |
Workhorse fell 10% | Workhorse Group share price dropped to its lowest in since 2019 as investors booked profits after its shares rose in the previous week. |
Nikola eased 9% | Nikola share price eased amid some profit booking after the stock gained about 4.3% in the previous week. |
Nio fell 8% | Nio share price dropped after the electric carmaker lowered its Q4 delivery outlook. |
Coinbase hit record lows | Coinbase share price tumbled to record lows, tracking a slump in cryptocurrency prices amid weak capital markets. |
Lucid hit record lows | Lucid share price hit record lows after several analysts and investors pared back expectations for global EV sales in the near term. |
Rivian hit record lows | Rivian share price hit record lows along with most of its EV manufacturing peers amid expectations of falling EV sales. The company also scaled back its plans to expand into Europe. |
Nvidia fell 7% | Nvidia share price fell along with most of its semiconductor peers in a sectoral move. Multiple investors also trimmed their Nvidia stock holdings. |
Matterport hit record lows | Matterport share price hit record lows after Morgan Stanley cut price target on the stock to $3. |
Direxion Daily Semiconductor Bull 3X Shares dropped 5% | Direxion Daily Semiconductor Bull 3X Shares fell, tracking losses in Nvidia, Qualcomm and Texas Instruments. |
ProShares Ultra Semiconductors fell 5% | ProShares Ultra Semiconductors shares dropped, tracking losses in Nvidia, Intel and Broadcom. |
Palantir Technologies hit record lows | Palantir Technologies share price hit record lows, with the stock dropping in eight out of nine consecutive sessions. Wolfe Research expects the stock to trade below $5. |
Udemy dropped 5% | Udemy share price fell after multiple insiders including the CEO, CTO and several directors sold their stock holdings in the company. |
ARK Innovation ETF dropped 4% | ARK Innovation ETF share price dropped to their lowest since 2017 as Tesla's historic price decline weighed on the fund. |
Netflix fell 4% | Netflix share price fell after reports suggesting the video-streaming platform to end password sharing next year. |
Robinhood eased 3% | Robinhood share price eased after court documents showed FTX's Sam Bankman-Fried bought a stake in the firm. FTX recently collapsed and its CEO was arrested on counts of fraud. |
Direxion Daily Technology Bull 3X Shares fell 3% | Direxion Daily Technology Bull 3X Shares slipped, tracking weakness in Apple, Microsoft and Nvidia shares. |
Amazon slipped 3% | Amazon share price fell along with most technology shares in a sectoral move. The stock is set to end this year 50% lower. |
Alphabet fell 2% | Alphabet (Google) share price fell along with most technology shares in a sectoral move amid interest rate uncertainty. The stock has lost about 39% so far this year. |
AMD dropped 2% | AMD share price eased after reports suggested the company is losing market share to Intel in the key chip market. |
Walt Disney declined 2% | Walt Disney share price fell amid disappointing box office performance of the Avatar sequel. The share is on-track for its worst year on-record. |
Apple slipped 1% | Apple share price eased after JP Morgan published a research report highlighting the tech giant's supply problems. It noted that many components required to build iPhone 14 were facing supply issues. |
Meta fell 1% | Meta (Facebook) share price fell along with most heavyweight technology shares in a sectoral move. Technology shares have been battered due to rising interest rate risks. |
Alibaba gained 5% | Alibaba share price jumped along with several US-listed Chinese shares after China relaxed its Covid-19 quarantine norms. |
Top gainers in US market (27.12.22)
| Name | Ticker | Price | Change | Market Cap |
|---|---|---|---|---|
Weibo Corp. | WB | $19.5 | 8.82% | $4.22B |
Melco Crown Entertainment Limited | MLCO | $12.07 | 8.06% | $5.09B |
Lufax Holding Ltd. | LU | $2.17 | 7.96% | $4.42B |
Roivant Sciences Ltd. | ROIV | $7.55 | 7.7% | $5.26B |
F&G ANNUITIES & LIFE INC | FG | $21.62 | 6.87% | $2.53B |
Top losers in US market (27.12.22)
| Name | Ticker | Price | Change | Market Cap |
|---|---|---|---|---|
Luminar Technologies Inc | LAZR | $4.85 | -14.55% | $2.15B |
Tesla, Inc. | TSLA | $109.1 | -11.41% | $435.14B |
Signa Sports United N.V. | SSU | $3.41 | -9.55% | $2.09B |
Moderna, Inc. | MRNA | $180.17 | -9.5% | $77.28B |
Victoria's Secret & Co | VSCO | $36.58 | -9.41% | $3.21B |
FAQs
Arcimoto share price dropped to record lows after several analysts and investors pared back expectations for global EV sales in the near term.
Tesla share price fell after reports suggested the electric carmaker plans to run its Shanghai plant at reduced outputs.
Workhorse Group share price dropped to its lowest in since 2019 as investors booked profits after its shares rose in the previous week.
Nikola share price eased amid some profit booking after the stock gained about 4.3% in the previous week.
Nio share price dropped after the electric carmaker lowered its Q4 delivery outlook.
Coinbase share price tumbled to record lows, tracking a slump in cryptocurrency prices amid weak capital markets.
Lucid share price hit record lows after several analysts and investors pared back expectations for global EV sales in the near term.
Rivian share price hit record lows along with most of its EV manufacturing peers amid expectations of falling EV sales. The company also scaled back its plans to expand into Europe.
Nvidia share price fell along with most of its semiconductor peers in a sectoral move. Multiple investors also trimmed their Nvidia stock holdings.
Matterport share price hit record lows after Morgan Stanley cut price target on the stock to $3.
Direxion Daily Semiconductor Bull 3X Shares fell, tracking losses in Nvidia, Qualcomm and Texas Instruments.
ProShares Ultra Semiconductors shares dropped, tracking losses in Nvidia, Intel and Broadcom.
Palantir Technologies share price hit record lows, with the stock dropping in eight out of nine consecutive sessions. Wolfe Research expects the stock to trade below $5.
Udemy share price fell after multiple insiders including the CEO, CTO and several directors sold their stock holdings in the company.
ARK Innovation ETF share price dropped to their lowest since 2017 as Tesla's historic price decline weighed on the fund.
Netflix share price fell after reports suggesting the video-streaming platform to end password sharing next year.
Robinhood share price eased after court documents showed FTX's Sam Bankman-Fried bought a stake in the firm. FTX recently collapsed and its CEO was arrested on counts of fraud.
Direxion Daily Technology Bull 3X Shares slipped, tracking weakness in Apple, Microsoft and Nvidia shares.
Amazon share price fell along with most technology shares in a sectoral move. The stock is set to end this year 50% lower.
Alphabet (Google) share price fell along with most technology shares in a sectoral move amid interest rate uncertainty. The stock has lost about 39% so far this year.
AMD share price eased after reports suggested the company is losing market share to Intel in the key chip market.
Walt Disney share price fell amid disappointing box office performance of the Avatar sequel. The share is on-track for its worst year on-record.
Apple share price eased after JP Morgan published a research report highlighting the tech giant's supply problems. It noted that many components required to build iPhone 14 were facing supply issues.
Meta (Facebook) share price fell along with most heavyweight technology shares in a sectoral move. Technology shares have been battered due to rising interest rate risks.
Alibaba share price jumped along with several US-listed Chinese shares after China relaxed its Covid-19 quarantine norms.
Top gainers in US market (27.12.22)
| Name | Ticker | Price | Change | Market Cap |
|---|---|---|---|---|
Weibo Corp. | WB | $19.5 | 8.82% | $4.22B |
Melco Crown Entertainment Limited | MLCO | $12.07 | 8.06% | $5.09B |
Lufax Holding Ltd. | LU | $2.17 | 7.96% | $4.42B |
Roivant Sciences Ltd. | ROIV | $7.55 | 7.7% | $5.26B |
F&G ANNUITIES & LIFE INC | FG | $21.62 | 6.87% | $2.53B |
Top losers in US market (27.12.22)
| Name | Ticker | Price | Change | Market Cap |
|---|---|---|---|---|
Luminar Technologies Inc | LAZR | $4.85 | -14.55% | $2.15B |
Tesla, Inc. | TSLA | $109.1 | -11.41% | $435.14B |
Signa Sports United N.V. | SSU | $3.41 | -9.55% | $2.09B |
Moderna, Inc. | MRNA | $180.17 | -9.5% | $77.28B |
Victoria's Secret & Co | VSCO | $36.58 | -9.41% | $3.21B |
