📊 AI spending fears hit tech hard while oil spiked. The Nasdaq dropped 2.6% to 26,008.86 for its worst day since June, the S&P 500 fell 1.21%, the Dow edged up 0.02% and Canada’s S&P/TSX Composite sank 0.97%. 📱 Meta ($META) slipped about 7% despite beating on revenue with upbeat guidance. The company raised its capital expenditure forecast, and comments about how much AI funding it still needs sent the stock over and dragged the broader tape with it. ⚡ Power names tied to the data center buildout got crushed. GE Vernova ($GEV) and Bloom Energy ($BE) each fell more than 11%, Vistra shed over 10%, Quanta Services dropped more than 8% and Eaton lost nearly 7%. 💉 Moderna ($MRNA) cratered 17.57% to $202.63 after partial data on its Merck-partnered cancer vaccine leaked. The full release later in the day actually looked good, showing a 42% reduction in recurrence or death risk for certain melanoma patients versus Keytruda alone. 🚚 Mullen Group ($MTL) jumped 11.50% to $32.28 to lead the TSX on record quarterly results. Adjusted earnings of $0.52 per share beat the $0.41 expected and revenue of $653.2 million topped $614.9 million, up 16.3% year over year. 🛢️ Brent surged 4% to settle at $113.17, its highest since May, after a report that the U.S. and Israel plan renewed strikes on Iran following the midterms. WTI gained 2.39% to $99.47. Money ran to Treasurys, with the 10-year yield dropping more than 17 basis points to 4.972%. 👨🏻💻 Researched and written daily by @timemino
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1 Comments
Mike L
@noviceadvisor · 7h
Yay he mentioned oil again!
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