The stock exchange experienced a substantial slump today, with tech stocks leading the decrease. The Dow Jones slipped 1.65% to 47,457.22, the S&P 500 lost almost 1.7% to 6,737.49, and the Nasdaq sank 2.29% to 22,870.35.
Fed authorities revealed fret about consistent inflation, lowering wish for rate cuts in December. The marketplace’s belief moved to risk-off, pulling CNN’s Worry & & Greed Index back into “severe worry” area. As an outcome, tech and AI stocks dealt with considerable losses.
These are the leading stocks that got the attention of retail traders and financiers through the day:
Applied Products Inc. ( NASDAQ: AMAT)
Applied Products’ stock decreased by 3.25%, closing at $223.23. The stock reached an intraday high of $229 and a low of $219.63, with a 52-week series of $123.74 to $242.44. In the after-hours trading, the stock fell by 4.52% to $213.15.
The business reported better-than-expected fourth-quarter profits, with earnings of $6.8 billion, going beyond expert price quotes of $6.67 billion. The chip devices maker’s adjusted profits per share were $2.17, beating expectations of $2.10. The business associated its efficiency to considerable financial investments in sophisticated semiconductors and wafer fabulous devices driven by AI adoption.
Nu Holdings Ltd. ( NYSE: NU)
Nu Holdings’ stock fell by 3.65%, closing at $15.59. It tape-recorded an intraday high of $16.20 and a low of $15.48, with a 52-week series of $9.01 to $16.55. In the after-hours trading, the stock increased 2.95% to $16.05.
The business’s third-quarter profits report revealed better-than-expected outcomes, beating expert price quotes on both leading and bottom lines. The business reported quarterly profits of 17 cents per share, which was greater than the price quotes of 16 cents. Income for the duration was available in at $4.17 billion, which went beyond the agreement quote of $3.8 billion.
Method Inc. ( NASDAQ: MSTR)
Method’s stock came by 7.15%, closing at $208.54, with an intraday high of $226 and a low of $207.03. The 52-week variety was $207.03 to $542.99.
MicroStrategy shares traded lower Thursday as Bitcoin (CRYPTO: BTC) moved, with experts discussing whether the crypto’s four-year halving cycle is breaking down. Regardless of broadening its holdings to 640,808 BTC and publishing a $12.9 billion year-to-date Bitcoin gain, the stock fell almost 6% and hovered near a 52-week low. Expert views stay blended, with a number of companies preserving bullish rankings however cutting cost targets.
Virgin Galactic Holdings Inc. ( NYSE: SPCE)
Virgin Galactic’s stock reduced by 8.56%, closing at $3.31. The stock’s intraday high was $3.60, and the low was $3.28, with a 52-week series of $2.18 to $8. In prolonged trading, the stock got 3.6% to $3.43.
Virgin Galactic reported third-quarter earnings of $365,000, missing out on price quotes, while its loss narrowed to $1.09 per share. Changed EBITDA enhanced to a $53 million loss, and the business ended the quarter with $424 million in money. Virgin Galactic declared strategies to start industrial spaceflights in late 2026, with personal astronaut objectives anticipated to follow in early 2027.
Tesla Inc. ( NASDAQ: TSLA)
Tesla’s stock fell by 6.64%, closing at $401.99. The stock reached an intraday high of $424.50 and a low of $396.34, with a 52-week series of $214.25 to $488.54.
Just Recently, Gary Black, Handling Director of Future Fund LLC, slammed Tesla’s concentrate on autonomy and robotics, calling it a “fool’s story.” He highlighted the decrease in Tesla’s international volumes and questioned the business’s high assessment amidst competitors in the self-governing car market.
Benzinga’s Edge Stock Rankings suggest Tesla’s Development remains in the 51st percentile. Here is how it compares to other car manufacturers.
Get ready for the day’s trading with leading premarket movers and news by Benzinga.
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This story was produced utilizing Benzinga Neuro and modified by Shivdeep Dhaliwal