The US trading day opened with a stark divergence in corporate fortunes, as traditional retail and cutting-edge technology sectors delivered contrasting signals to investors. While department store giant Macy’s saw its shares tumble following a cautious profit outlook, semiconductor firm Marvell Technology surged on bullish artificial intelligence chip orders, underscoring the market’s continued appetite for AI exposure even as Microsoft faced pressure over demand concerns for some of its tools.
about Macy's Profit Forecast Disappoints, Marvell AI Chip Orders Surge
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Insiders Buy $98M in Biotech, Cybersecurity IPOs
In a striking display of confidence, corporate insiders and major shareholders have invested over $98 million in recently public companies, with significant capital flowing into biotech firm LB Pharmaceuticals and cybersecurity provider Netskope. This surge in insider buying, occurring just after the second-quarter earnings season, signals strong belief in these companies’ futures despite market highs and ongoing uncertainty. The transactions, which include massive purchases by 10% owners at IPO prices, offer a potent bullish signal for investors tracking where those with the deepest knowledge are placing their bets.
about Insiders Buy $98M in Biotech, Cybersecurity IPOsMarket Rebounds on Tariff Hopes Despite Ongoing Volatility and Losses
S&P 500 futures remained flat after a market rally driven by hopes for tariff concessions from President Trump. The Dow Jones Industrial Average rose about 485.60 points, while the S&P 500 and Nasdaq also gained, despite a volatile week and ongoing concerns over tariffs and economic pressures. Tech stocks faced declines in after-hours trading, with Marvell Technology dropping over 13% following its earnings report.
about Market Rebounds on Tariff Hopes Despite Ongoing Volatility and LossesNvidia’s Dominance in AI Chips Sparks Investor Optimism for the Decade
Nvidia continues to dominate the generative AI chip market, with investor Louis Navellier asserting it holds a monopoly in the sector. Despite some caution ahead of its earnings report, analysts expect strong performance driven by significant AI infrastructure investments from major companies. Nvidia is currently valued at a lower price-to-earnings ratio compared to peers, yet bullish sentiment remains strong among investors.
about Nvidia's Dominance in AI Chips Sparks Investor Optimism for the DecadeStocks Plunge Amid Concerns Over Chinese AI Advances and Tech Selloff
Stocks plummeted on concerns over China’s advancements in AI, with the Nasdaq down 3% and Nvidia leading a selloff in tech shares, dropping over 15%. Major companies like Oracle and Palantir also saw declines, while AT&T rose 6% after strong earnings. Bitcoin fell to around $99,600, and gold futures dropped 1.5%.
about Stocks Plunge Amid Concerns Over Chinese AI Advances and Tech SelloffTesla Model Y Launch and Stock Market Update Amid Earnings Reports
U.S. crude oil prices fell 1.1% to $74.62 a barrel amid calls for increased OPEC output, while the 10-year Treasury yield rose to 4.64%. Bitcoin dipped 0.9% following a cryptocurrency executive order from Trump, and various ETFs showed mixed performance, with notable gains in the ARK Innovation ETF and the Health Care Select Sector SPDR Fund. Tesla launched its new Model Y in the U.S. and Europe, priced at $59,990, as the stock market rally continues to show strength across diverse sectors.
about Tesla Model Y Launch and Stock Market Update Amid Earnings ReportsStock Market Declines for Fifth Consecutive Day Amid Volatile Trading
U.S. stock indexes closed lower on the first trading day of the year, extending their losing streak to five days, with Apple and Tesla leading the decline. The Dow Jones fell 150 points, while the S&P 500 and Nasdaq also dropped, dimming hopes for a traditional Santa Claus rally. Despite the downturn, analysts remain optimistic about potential gains in 2025, with a projected S&P 500 year-end target of 6,539, suggesting an 11% increase from current levels.
about Stock Market Declines for Fifth Consecutive Day Amid Volatile Trading