Big Tech drags down stocks |
All three major US indexes slumped as Big Tech dipped. Energy was the best-performing sector as oil prices climbed as escalating tensions between the US and Venezuela threaten to tighten the global oil supply. Precious metals pulled back as the price of gold slipped from last week's record high. Silver surged to a record high of $84 per troy ounce on Sunday evening, before reversing violently. Stocks that moved higher: |
- Shares of Nio climbed as CEO William Li said he expects Q4 vehicle sales to exceed $4.27 billion, up more than 56% from Q3.
- Energy Fuels rose after announcing it's exceeded 2025 guidance for uranium production and sales.
- DigitalBridge Group soared on a report that it's in advanced talks to be acquired by SoftBank.
- Coupang continued to tick higher on its announcement of $1.18 billion in compensation to users affected by its data leak.
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- Airline stocks Delta Air Lines, United Airlines, American Airlines, and JetBlue dipped as oil prices climbed higher.
- Mereo BioPharma Group, a clinical stage biopharmaceutical company focused on rare diseases, tanked after its bone disease drug failed in a late stage trial.
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But will it be the year the Magnificent 7 finally lose their position as market leaders? Read more. |
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It doesn't look like it's going to happen. Read more. |
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In their 2026 digital assets outlook, Citi analysts set a 12-month base case assumption for bitcoin at $143,000, driven mainly by "revived ETF demand." They set a bull case assumption of $189,000, and a bear case, premised on "recessionary macro factors," of $78,000. Read more. |
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