Wall Street was painted red; The Nasdaq fell more than 2%, pharmaceutical stocks fell

Trade overview: current reports, trends, indices, stock prices, bonds, foreign exchange and commodities and analyst recommendations

23:00

Wall Street was locked in the red: the Nasdaq fell by about 2.2%. The Dow fell by 0.7%, the S&P 500 fell by 1.3%. The fear index jumped by 14.5%.

After the appointment of Robert Kennedy Jr., an opponent of vaccines, to the position of Secretary of Health in the Trump administration, the shares of pharmaceutical companies have been running low. Amgen was down more than 4%, Moderna was down about 7%.

20:30

the deepening declines on Wall Street; The Nasdaq falls by about 2.5%. The Dow Jones falls by 0.8%, the S&P 500 falls by 1.5%. The fear index jumps by 19%. Bitcoin rises by about 2% and trades around $89,700 .

AST SpaceMobile drops about 12% after weaker-than-expected reports. The company reported a loss of $1.10 per share and revenue of $1.1 million, while forecasts were for a loss of 20 cents per share and revenue of $1.8 million.

19:20

European stock markets closed lower. Dax fell by about 0.3%, Kac by 0.6% and the British Potsey by 0.1%.

On Wall Street, the declines continue: The Dow Jones is down 0.7%, the S&P 500 is down 1.3%, the Nasdaq is down more than 2.1%.

17:40

Wall Street declines continue; The Dow Jones index is down 0.7%, the S&P 500 is down 1.1%, the Nasdaq is down about 1.8%.

Domino’s Pizza is up about 2% at this hour. Applied Materials is down more than 8%. Alibaba is up about 3% after the company posted a 58% jump in annual profit. Although revenues were 5% higher than the previous year, they were still below expectations.

The three main indices retreated from the increases recorded last week against the background of Donald Trump’s victory in the US presidential elections: the Nasdaq is down on average weekly by about 2%, the S&P 500 index and the Dow are down by 1.4% and 1%, respectively.

16:30

Wall Street stock exchanges opened in a negative trend. The Dow Jones index falls at the opening of trading by 0.2%, the S&P 500 index falls by 0.6%, the Nasdaq registers declines of about 1.2%.

Applied Materials falls nearly 10% after reporting fiscal fourth-quarter results that were better than Wall Street forecasts, but revenue forecast for the current quarter fell short of expectations.

Dominos Pizza Up about 1.5% after it was announced that Warren Buffett’s Berkshire Hathaway, which not long ago crossed the trillion dollar mark in market value, purchased 1.3 million shares of the company worth about $550 million at the end of the quarter. It also sold about 235 million shares of Bank of America during the quarter, a report it is required to publish since it owns more than 10% of the bank’s shares, and gradually reduced its holding in Apple, from $175 billion at the beginning of the year to about $70 billion at the end September.

11:28

Applied Materials is down 7% in premarket trading on Wall Street after it reported fiscal fourth-quarter results that were better than Wall Street forecasts, but revenue forecast for the current quarter fell short of expectations.

The company reported adjusted earnings of $2.32 per share and revenue of $7.05 billion in the fourth quarter. The expectation was for a profit of $2.19 per share and revenues of $6.96 billion.

For the first quarter forecasts, the company expects adjusted diluted earnings of $2.29 per share and revenues of approximately $7.15 billion, this is compared to forecasts of adjusted earnings of $2.27 per share and revenues of $7.23 billion

10:34

Trading in Europe is going down this morning – DAX down 0.5%, CAC down 0.7% and the British FTSE down 0.3%.

08:41

Although Warren Buffett continues to reduce holdings in old stocks such as dark andBank of America And although the cash box in his company, Berkshire Hathaway has already collected over 300 billion dollars, but the investment managers in his company are not resting on their laurels. These are the shares he bought and sold last quarter.

08:17

Bitcoin retreated today from the record levels set this week. It seems that the optimism surrounding the election of Donald Trump as president is cooling down, while the appetite for more risk is hurt due to growing uncertainty regarding interest rates in the US. Economic data published this week in the US indicated that the largest economy in the world is heating up.

The world’s largest digital currency still recorded impressive gains during the week, after soaring to highs of over $90,000 following estimates that US regulations would favor crypto under Trump.

The price of the coin is down 2.6% this morning to $87,600 after reaching a high of $93,226 earlier this week.

08:05

Macro in Japan: GDP in the country grew in the third quarter by 0.3% on an annual basis and this after two consecutive quarters of economic slowdown, in the third quarter the Japanese economy grew by 0.2%.

07:31

This morning in Asia, trading is conducted in a mixed trend. The Nikkei rises by 0.8%, the Hang Seng by 0.5% and the Shanghai Index falls by 0.2%. In China, the fear of a trade war is increasing following Trump’s election to the presidency, since the beginning of the week the Hang Seng index has lost 6% and the Shanghai index about 2%.

Wall Street futures indicate declines – Nasdaq by 0.4%, Dow Jones by 0.23% and S&P 500 by 0.3%.

Yesterday on Wall Street trading closed down. The Dow Jones weakened by 0.5%, the Nasdaq and the S&P 500 both fell by about 0.6%.

stock Tesla and stock Rivian Automotive They fell by 5.8% and 14.3% respectively, against the backdrop of a Reuters report that President-elect Donald Trump’s team plans to cancel the $7,500 tax credit for purchasing an electric vehicle.

The Oppenheimer investment house raises the target price for Nvidia shares from $150 to $175, according to company analyst Rick Schaefer. Nvidia is expected to publish the third quarter reports of this year on November 20. Nvidia rose by 0.3% yesterday.

According to Schaefer, following the growing need in the market for artificial intelligence chips, he expects that the financial reports presented by Nvidia will be particularly positive.

The media giant’s stock Walt Disney Jumped about 6.3%, after reporting earlier today fiscal fourth quarter results that were better than analysts’ expectations. The company reported adjusted earnings of $1.14 per share and revenues of $22.57 billion. Compared to a profit of $1.10 per share and revenues of $22.45 billion – which the analysts expected.

stock nice The dual lost 8.5% after publishing the financial statements. The company surpassed analysts’ forecasts in the third quarter: total revenues in the third quarter of 2024 increased by 15% and amounted to $690.0 million compared to $601.3 million in the third quarter of 2023.

However, the company left the annual revenue forecast unchanged at 2.715-2.735 billion dollars, a growth of 15%, and raises the forecast range of net profit per share to 10.95-11.15 dollars, a growth of 26%.

solaredge Jumped by 6%, this after on Wednesday it reached a price of $11.56 per share – an all-time low. Since the beginning of the year, the company’s stock has fallen by 86%. This week the new chairman, Avery Moore, purchased Solaredge shares in transactions on the stock exchange for a total consideration of approximately 2.1 million dollars.

In the commodity sector, a barrel of crude oil is down 0.3% to $68.3 per barrel. A barrel of Brent oil drops by about 0.2% to $72.

At the same time, declines in crypto: Bitcoin has weakened in the last day and is now worth about $87,500 per coin. Ethereum has also weakened by 1.2% in the last 24 hours, and is now worth about $3,135 per coin.

Yesterday evening, Federal Reserve Chairman Jerome Powell said that “the economy is not sending any signals that we need to rush to lower interest rates.” According to him, “the strength we now see in the economy gives us the ability to approach our decisions cautiously.”

“Inflation is getting very close to our long-term goal of 2%, but it’s not there yet. We’re committed to getting the job done,” Powell added.

At the Cantor Fitzgerald investment bank, they estimate that the general stock market is a less successful investment in the medium term. According to the bank, the perception is that the Trump administration will benefit local companies thanks to lower tax rates, identical expenses to the current budget, reduced regulation, greater certainty that will encourage investors to purchase riskier stocks, and higher consumer confidence. According to them, the Russell 2000 index of small stocks has underperformed the market, and now investors are looking at it when looking for where to find returns towards the end of the year.

In the general stock market, Cantor Fitzgerald expects a continuation of the rally against the backdrop of the US election results, but is negative in the medium term. They present data on the forecasts for an increase in the growth of revenues and profits of the companies in the S&P 500 index and indicate that the forecasts reflect higher growth than the moderate growth that has been in the years the last ones

The bank also mentions Berkshire Hathaway’s cash accumulation: “It is likely that Warren Buffett sees a market at levels close to the peak, and an economy supported in part by a massive annual deficit of $2 trillion. None of them are sustainable.”