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US stocks fell on Tuesday, with the Dow Jones Industrial Average on track for its longest losing streak since 1978, down about 0.8% after eight consecutive days of losses. The S&P 500 and Nasdaq also declined as investors awaited a likely 0.25% rate cut from the Fed.Retail sales rose 0.7% in November, exceeding expectations, while Nvidia's shares dropped over 10% from their November peak. Bitcoin prices briefly surpassed $108,000 before retreating to just above $106,500.
Databricks has raised $10 billion in a Series J funding round, valuing the company at $62 billion, with major investors like Thrive Capital and Andreessen Horowitz. The strong demand for its cloud-based AI technology, which has seen over 60% year-over-year growth, positions Databricks for a potential IPO as it prepares strategically for the next steps. CEO Ali Ghodsi expressed excitement about the investor interest and the company's readiness for public offering.
Investors are concerned that Trump's potential trade tariffs could exacerbate inflation, as retail sales rose 0.7% in November. The Dow Jones is on track for its longest losing streak since the 1970s, while Nvidia faces challenges with thermal issues in its chips, impacting its stock. Tesla continues to rise, with analysts projecting a bullish outlook for 2025.
Investors are advised to focus on key moving averages, such as the 50-day and 10-week lines, to gauge stock performance, particularly for high-profile companies like Nvidia, Tesla, and Apple. As Nvidia faces volatility and dips below these benchmarks, understanding market trends and relative strength lines becomes crucial for making informed investment decisions in 2025. Monitoring these indicators can help investors manage risks and protect gains amidst fluctuating market conditions.
U.S. stock indexes pulled back, with the S&P 500 down 0.4% and Nvidia's stock falling 1.2%, marking its eighth loss in nine days. Despite this, the S&P 500 is up nearly 27% for the year, buoyed by strong economic resilience and expectations of favorable policies from President-elect Trump. Bitcoin briefly surpassed $108,000 before retreating to around $106,500.
President Joe Biden has endorsed a ban on congressional stock trading, stating that lawmakers should not profit from the stock market while in office. This comes amid ongoing debates in Congress, particularly after instances of stock trading linked to pandemic briefings. Although a bipartisan proposal exists, it has yet to be voted on, and Biden emphasized the need for legal changes to prevent conflicts of interest.
U.S. stocks fell on Tuesday as the Federal Reserve began its two-day policy meeting, with the Dow Jones Industrial Average dropping about 0.7%, marking its eighth consecutive loss. The S&P 500 and Nasdaq Composite also declined around 0.5%, despite stronger-than-expected retail sales data showing a 0.7% increase in November.Investors are anticipating a 0.25% interest rate cut on Wednesday, which some believe could be the last for a while due to persistent inflation concerns. Meanwhile, Nvidia's shares fell over 2%, continuing a downward trend from its November peak, while Bitcoin prices briefly surpassed $108,000.
US stocks fell on Tuesday, with the Dow Jones Industrial Average dropping about 0.6%, marking its eighth consecutive day of losses. Investors are awaiting the Federal Reserve's policy meeting, where a 0.25% interest rate cut is expected, while retail sales data showed a stronger-than-anticipated 0.7% increase in November. The yield on the 10-year Treasury rose to 4.42%, reflecting cautious sentiment for next year.
Broadcom's stock continued to rally, while Nvidia faced further declines, entering correction territory. Advanced Micro Devices is projected to miss revenue targets, raising concerns, as the Dow is set for a down open after eight consecutive sessions of losses. Retail sales exceeded expectations, and the Federal Reserve is anticipated to cut interest rates again, with key inflation data due later this week.
Shares dipped 0.7% early Tuesday, with Nvidia and Tesla making headlines. Nvidia fell 1.8% in premarket trading after hitting a sell signal, while Tesla surged 2.6% following an upgrade from Mizuho, reaching new highs.The Dow Jones futures dropped 0.5% as retail sales exceeded expectations, and the Federal Reserve's policy meeting began, with a high probability of a rate cut. Notable stocks to watch include BlackRock, IBM, and Manhattan Associates, with IBM nearing a buy point.
NVIDIA Corporation
Companies
| Symbol | NVDA |
| Name | NVIDIA Corporation |
| Currency | USD |
| Sector | Information Technology |
| IndustryGroup | Semiconductors & Semiconductor Equipment |
| Industry | Semiconductors & Semiconductor Equipment |
| Market | NASDAQ Global Select |
| Country | United States |
| State | CA |
| City | Santa Clara |
| Zipcode | 95051 |
| Website | http://www.nvidia.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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