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Mohd Shukri
2024-12-18

Post-Bell｜Dow Logs Longest Losing Streak Since 1978; Tesla Stock Jumps to Another High

US stocks fell across the board on Tuesday, with the Dow logging its biggest losing streak in 46 years.The Dow Jones Industrial Average finished the session down roughly 0.6%, registering its ninth st

Post-Bell｜Dow Logs Longest Losing Streak Since 1978; Tesla Stock Jumps to Another High

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The last 9-day losing streak for the Dow was Feb. 1978. Prior to that, the index suffered an 11-day losing streak in 1974 and another in 1971.<h2 id=\"id_966889051\">Market Snapshot</h2>The Dow Jones Industrial Average fell 267.58 points, or 0.61%, to 43,449.90, the S&amp;P 500 slid 23.47 points, or 0.39%, to 6,050.61 and the Nasdaq Composite dropped 64.83 points, or 0.32%, to 20,109.06.<img src=\"https://community-static.tradeup.com/news/bbf8ea8a073a2f4eedbef15c73eff038\" title=\"\" tg-width=\"835\" tg-height=\"149\"/><h2 id=\"id_215835447\">Market Movers</h2>Nvidia was down 1.2% to $130.39 after shares of the leading designer of artificial-intelligence chips fell into correction territory on Monday. Shares have declined about 12% from their closing high of $148.88 last month. Wall Street is waiting for evidence of how quickly Nvidia can ramp up sales of its Blackwell AI chips. Even after its recent slump, Nvidia remains up 163% this year.Broadcom was down 3.9%. It closed at a record high Monday, jumping 11% to $250. Shares of the semiconductor and software company soared 24% on Friday and Broadcom surpassed $1 trillion in market value for the first time after CEO Hock Tan said the company&#39;s AI market opportunity for accelerators and networking in fiscal 2027 would range from $60 billion to $90 billion.Tesla was up 3.6% to $479.87, which is a fresh record closing high. Wedbush analyst Dan Ives boosted his price target on the stock to $515 a share, a Wall Street high, from $400. Ives&#39; &#34;bull case&#34; is $650 a share. The new price target values Tesla at about $1.7 trillion, while the &#34;bull case&#34; values it at about $2.1 trillion. Mizuho analyst Vijay Rakesh late Monday also upgraded Tesla to Outperform from Neutral and joined Ives in increasing his price target to $515, up from $230. Rakesh noted that self-driving cars were the main reason he has become more bullish.Pfizer rose 4.7% after the drugs giant affirmed 2024 guidance and said it expects revenue in 2025 between $61 billion and $64 billion, compared with analysts&#39; expectations of $63.3 billion. The company also said it has been working through several cost-cutting programs. Pfizer said those remained on track and it would see an additional $500 million in savings next year.U.S.-listed shares of Teva Pharmaceutical jumped 26% after the company released promising early data on a treatment for two chronic bowel conditions. Teva and its partner <a href=\"https://laohu8.com/S/GCVRZ\">Sanofi</a> said 47.8% of patients with ulcerative colitis who received a high dose of the drug duvakitug experienced clinical remission, compared with 20.5% who received a placebo. American depositary receipts of Sanofi rose 6.7%.EVgo sank 26% after the electric-vehicle charging company said EVgo Holdings, an affiliate of LS Power Equity Partners IV, was launching a secondary offering of up to 23 million Class A common shares. LS Power will receive all of the proceeds from offering.SolarEdge Technologies rose 17% to $14.37 after analysts at Goldman Sachs upgraded the stock to Buy from Sell and boosted their price target to $19 from $10. &#34;Estimates are now finally bottoming for SolarEdge, with investor fears around the company&#39;s ability to address $350 million of debt in 2025 appearing overblown and creating a relatively attractive risk-reward for the equity at current levels,&#34; the analysts said.Red Cat Holdings was down 7.5% after the drone technology company reported a fiscal second-quarter loss of 18 cents a share, wider than a year-earlier loss of 11 cents, on revenue of $1.5 million, down from $3.9 million in the prior-year period. The stock had closed Monday with a gain of 27% after Red Cat announced it had entered into a partnership with software company Palantir Technologies to integrate visual navigation software into its Black Widow drones.Affirm Holdings was down 2.7% after the &#34;buy now, pay later&#34; company announced a private offering of $750 million of convertible senior notes and said it plans to repurchase up to $300 million of common stock.Amentum Holdings, the engineering and technology solutions company, swung to a profit in its fiscal fourth quarter and said it already sees &#34;positive momentum&#34; for fiscal 2025. The stock dropped 9.6% after gaining in premarket trading. Amentum, a defense and intelligence contractor, faces the risk of possible government spending cuts under the new Trump administration. However, CEO John Heller asserted during the fourth-quarter earnings call that the company is &#34;well-positioned to navigate potential changes.&#34;Steel company Nucor fell 2.6% after saying it expects fourth-quarter earnings of 55 cents to 65 cents a share, a sharp drop from year-earlier profit of $3.16 on &#34;decreased earnings of the steel mills segment caused by decreased volumes and lower average selling prices.&#34;<h2 id=\"id_3378142872\">Market News</h2>Japan&#39;s Honda and Nissan to begin merger talks, Nikkei reportsJapanese auto giants Honda Motor and Nissan Motor will start negotiations to merge as they face growing competition from bigger global electric vehicle makers, the Nikkei newspaper reported on Tuesday.The carmakers have increased ties in recent months as they wrestle with the changing EV landscape. Heavy competition from Tesla and local rivals in China, a nation rapidly adopting EVs, and stalling demand in Europe and the U.S. have intensified the pressure traditional automakers face.Uber and its CEO donate $1 million each to Trump&#39;s inaugural fundUber Technologies and its CEO Dara Khosrowshahi each donated $1 million to U.S. President-elect Donald Trump&#39;s inaugural fund, a company spokesperson told Reuters on Tuesday.The ride-hailing firm joins a list of several large businesses that have sought to build a positive relationship with the incoming Trump administration after he won the election in November.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Post-Bell｜Dow Logs Longest Losing Streak Since 1978; Tesla Stock Jumps to Another High</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPost-Bell｜Dow Logs Longest Losing Streak Since 1978; Tesla Stock Jumps to Another High\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nTiger Newspress \n2024-12-18 07:25\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><img src=\"https://community-static.tradeup.com/news/c21990e5559632c8f5bc2a7706ea6d4f\" tg-width=\"1080\" tg-height=\"1920\"/>US stocks fell across the board on Tuesday, with the Dow logging its biggest losing streak in 46 years.The Dow Jones Industrial Average finished the session down roughly 0.6%, registering its ninth straight day of losses. The last 9-day losing streak for the Dow was Feb. 1978. Prior to that, the index suffered an 11-day losing streak in 1974 and another in 1971.<h2 id=\"id_966889051\">Market Snapshot</h2>The Dow Jones Industrial Average fell 267.58 points, or 0.61%, to 43,449.90, the S&amp;P 500 slid 23.47 points, or 0.39%, to 6,050.61 and the Nasdaq Composite dropped 64.83 points, or 0.32%, to 20,109.06.<img src=\"https://community-static.tradeup.com/news/bbf8ea8a073a2f4eedbef15c73eff038\" title=\"\" tg-width=\"835\" tg-height=\"149\"/><h2 id=\"id_215835447\">Market Movers</h2>Nvidia was down 1.2% to $130.39 after shares of the leading designer of artificial-intelligence chips fell into correction territory on Monday. Shares have declined about 12% from their closing high of $148.88 last month. Wall Street is waiting for evidence of how quickly Nvidia can ramp up sales of its Blackwell AI chips. Even after its recent slump, Nvidia remains up 163% this year.Broadcom was down 3.9%. It closed at a record high Monday, jumping 11% to $250. Shares of the semiconductor and software company soared 24% on Friday and Broadcom surpassed $1 trillion in market value for the first time after CEO Hock Tan said the company&#39;s AI market opportunity for accelerators and networking in fiscal 2027 would range from $60 billion to $90 billion.Tesla was up 3.6% to $479.87, which is a fresh record closing high. Wedbush analyst Dan Ives boosted his price target on the stock to $515 a share, a Wall Street high, from $400. Ives&#39; &#34;bull case&#34; is $650 a share. The new price target values Tesla at about $1.7 trillion, while the &#34;bull case&#34; values it at about $2.1 trillion. Mizuho analyst Vijay Rakesh late Monday also upgraded Tesla to Outperform from Neutral and joined Ives in increasing his price target to $515, up from $230. Rakesh noted that self-driving cars were the main reason he has become more bullish.Pfizer rose 4.7% after the drugs giant affirmed 2024 guidance and said it expects revenue in 2025 between $61 billion and $64 billion, compared with analysts&#39; expectations of $63.3 billion. The company also said it has been working through several cost-cutting programs. Pfizer said those remained on track and it would see an additional $500 million in savings next year.U.S.-listed shares of Teva Pharmaceutical jumped 26% after the company released promising early data on a treatment for two chronic bowel conditions. Teva and its partner <a href=\"https://laohu8.com/S/GCVRZ\">Sanofi</a> said 47.8% of patients with ulcerative colitis who received a high dose of the drug duvakitug experienced clinical remission, compared with 20.5% who received a placebo. American depositary receipts of Sanofi rose 6.7%.EVgo sank 26% after the electric-vehicle charging company said EVgo Holdings, an affiliate of LS Power Equity Partners IV, was launching a secondary offering of up to 23 million Class A common shares. LS Power will receive all of the proceeds from offering.SolarEdge Technologies rose 17% to $14.37 after analysts at Goldman Sachs upgraded the stock to Buy from Sell and boosted their price target to $19 from $10. &#34;Estimates are now finally bottoming for SolarEdge, with investor fears around the company&#39;s ability to address $350 million of debt in 2025 appearing overblown and creating a relatively attractive risk-reward for the equity at current levels,&#34; the analysts said.Red Cat Holdings was down 7.5% after the drone technology company reported a fiscal second-quarter loss of 18 cents a share, wider than a year-earlier loss of 11 cents, on revenue of $1.5 million, down from $3.9 million in the prior-year period. The stock had closed Monday with a gain of 27% after Red Cat announced it had entered into a partnership with software company Palantir Technologies to integrate visual navigation software into its Black Widow drones.Affirm Holdings was down 2.7% after the &#34;buy now, pay later&#34; company announced a private offering of $750 million of convertible senior notes and said it plans to repurchase up to $300 million of common stock.Amentum Holdings, the engineering and technology solutions company, swung to a profit in its fiscal fourth quarter and said it already sees &#34;positive momentum&#34; for fiscal 2025. The stock dropped 9.6% after gaining in premarket trading. Amentum, a defense and intelligence contractor, faces the risk of possible government spending cuts under the new Trump administration. However, CEO John Heller asserted during the fourth-quarter earnings call that the company is &#34;well-positioned to navigate potential changes.&#34;Steel company Nucor fell 2.6% after saying it expects fourth-quarter earnings of 55 cents to 65 cents a share, a sharp drop from year-earlier profit of $3.16 on &#34;decreased earnings of the steel mills segment caused by decreased volumes and lower average selling prices.&#34;<h2 id=\"id_3378142872\">Market News</h2>Japan&#39;s Honda and Nissan to begin merger talks, Nikkei reportsJapanese auto giants Honda Motor and Nissan Motor will start negotiations to merge as they face growing competition from bigger global electric vehicle makers, the Nikkei newspaper reported on Tuesday.The carmakers have increased ties in recent months as they wrestle with the changing EV landscape. Heavy competition from Tesla and local rivals in China, a nation rapidly adopting EVs, and stalling demand in Europe and the U.S. have intensified the pressure traditional automakers face.Uber and its CEO donate $1 million each to Trump&#39;s inaugural fundUber Technologies and its CEO Dara Khosrowshahi each donated $1 million to U.S. President-elect Donald Trump&#39;s inaugural fund, a company spokesperson told Reuters on Tuesday.The ride-hailing firm joins a list of several large businesses that have sought to build a positive relationship with the incoming Trump administration after he won the election in November.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1174271404","content_text":"US stocks fell across the board on Tuesday, with the Dow logging its biggest losing streak in 46 years.The Dow Jones Industrial Average finished the session down roughly 0.6%, registering its ninth straight day of losses. The last 9-day losing streak for the Dow was Feb. 1978. Prior to that, the index suffered an 11-day losing streak in 1974 and another in 1971.Market SnapshotThe Dow Jones Industrial Average fell 267.58 points, or 0.61%, to 43,449.90, the S&P 500 slid 23.47 points, or 0.39%, to 6,050.61 and the Nasdaq Composite dropped 64.83 points, or 0.32%, to 20,109.06.Market MoversNvidia was down 1.2% to $130.39 after shares of the leading designer of artificial-intelligence chips fell into correction territory on Monday. Shares have declined about 12% from their closing high of $148.88 last month. Wall Street is waiting for evidence of how quickly Nvidia can ramp up sales of its Blackwell AI chips. Even after its recent slump, Nvidia remains up 163% this year.Broadcom was down 3.9%. It closed at a record high Monday, jumping 11% to $250. Shares of the semiconductor and software company soared 24% on Friday and Broadcom surpassed $1 trillion in market value for the first time after CEO Hock Tan said the company's AI market opportunity for accelerators and networking in fiscal 2027 would range from $60 billion to $90 billion.Tesla was up 3.6% to $479.87, which is a fresh record closing high. Wedbush analyst Dan Ives boosted his price target on the stock to $515 a share, a Wall Street high, from $400. Ives' \"bull case\" is $650 a share. The new price target values Tesla at about $1.7 trillion, while the \"bull case\" values it at about $2.1 trillion. Mizuho analyst Vijay Rakesh late Monday also upgraded Tesla to Outperform from Neutral and joined Ives in increasing his price target to $515, up from $230. Rakesh noted that self-driving cars were the main reason he has become more bullish.Pfizer rose 4.7% after the drugs giant affirmed 2024 guidance and said it expects revenue in 2025 between $61 billion and $64 billion, compared with analysts' expectations of $63.3 billion. The company also said it has been working through several cost-cutting programs. Pfizer said those remained on track and it would see an additional $500 million in savings next year.U.S.-listed shares of Teva Pharmaceutical jumped 26% after the company released promising early data on a treatment for two chronic bowel conditions. Teva and its partner Sanofi said 47.8% of patients with ulcerative colitis who received a high dose of the drug duvakitug experienced clinical remission, compared with 20.5% who received a placebo. American depositary receipts of Sanofi rose 6.7%.EVgo sank 26% after the electric-vehicle charging company said EVgo Holdings, an affiliate of LS Power Equity Partners IV, was launching a secondary offering of up to 23 million Class A common shares. LS Power will receive all of the proceeds from offering.SolarEdge Technologies rose 17% to $14.37 after analysts at Goldman Sachs upgraded the stock to Buy from Sell and boosted their price target to $19 from $10. \"Estimates are now finally bottoming for SolarEdge, with investor fears around the company's ability to address $350 million of debt in 2025 appearing overblown and creating a relatively attractive risk-reward for the equity at current levels,\" the analysts said.Red Cat Holdings was down 7.5% after the drone technology company reported a fiscal second-quarter loss of 18 cents a share, wider than a year-earlier loss of 11 cents, on revenue of $1.5 million, down from $3.9 million in the prior-year period. The stock had closed Monday with a gain of 27% after Red Cat announced it had entered into a partnership with software company Palantir Technologies to integrate visual navigation software into its Black Widow drones.Affirm Holdings was down 2.7% after the \"buy now, pay later\" company announced a private offering of $750 million of convertible senior notes and said it plans to repurchase up to $300 million of common stock.Amentum Holdings, the engineering and technology solutions company, swung to a profit in its fiscal fourth quarter and said it already sees \"positive momentum\" for fiscal 2025. The stock dropped 9.6% after gaining in premarket trading. Amentum, a defense and intelligence contractor, faces the risk of possible government spending cuts under the new Trump administration. However, CEO John Heller asserted during the fourth-quarter earnings call that the company is \"well-positioned to navigate potential changes.\"Steel company Nucor fell 2.6% after saying it expects fourth-quarter earnings of 55 cents to 65 cents a share, a sharp drop from year-earlier profit of $3.16 on \"decreased earnings of the steel mills segment caused by decreased volumes and lower average selling prices.\"Market NewsJapan's Honda and Nissan to begin merger talks, Nikkei reportsJapanese auto giants Honda Motor and Nissan Motor will start negotiations to merge as they face growing competition from bigger global electric vehicle makers, the Nikkei newspaper reported on Tuesday.The carmakers have increased ties in recent months as they wrestle with the changing EV landscape. Heavy competition from Tesla and local rivals in China, a nation rapidly adopting EVs, and stalling demand in Europe and the U.S. have intensified the pressure traditional automakers face.Uber and its CEO donate $1 million each to Trump's inaugural fundUber Technologies and its CEO Dara Khosrowshahi each donated $1 million to U.S. President-elect Donald Trump's inaugural fund, a company spokesperson told Reuters on Tuesday.The ride-hailing firm joins a list of several large businesses that have sought to build a positive relationship with the incoming Trump administration after he won the election in November.","news_type":1},"isVote":1,"tweetType":1,"viewCount":62,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":19,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}