Tuesday S&P 500 Pulls Back From Highs, Nasdaq Climbs | Live Stock
Good morning, traders. Happy Tuesday, December 3rd. The S&P 500 and market are falling after it, and the Nasdaq hit highs Monday. The Nasdaq and tech climbed back to a fresh trading high right after I posted this podcast-- it broke through 19,456.
$ZJK Industrial (ZJK.US)$ shares jumped 365% intraday, sending the small stock well over $1B in valuation after the firm said it had met with Nvidia and was invited to produce samples for an upcoming project. The Chinese precision-part company makes screws and bolts and IPOed in September at $5/share after about 13 years in business. It hit multiple circuit breakers on the way up.
In Mag-Seven news, $Apple (AAPL.US)$ climbed to all-time highs Tuesday after media reports that multiple new product updates will arrive in March, including updates to the MacBook Air and iPhone lines, as well as the firm's smart home device, according to one Bloomberg report.
$Tesla (TSLA.US)$ Chief Elon Musk was yet again bared from a massive $101B pay package by a Delaware Juge, who said it does not matter that shareholders voted in favor of the measure again- no means no. The judge blocked the 2018 payment scheme in January, siding with a Pension Plan defendant that had argued the firm boar- whom the defendants argued were Musk friends and confidence- had failed to justify such a pay package.
Within industries tracked by moomoo, Wall Street Bets stocks tracked by moomoo are climbing, led by a 5% climb in $Palantir (PLTR.US)$. The firm received "FedRAMP High Authorization," enabling the U.S. government to process sensitive, unclassified data.
$Crude Oil Futures(JAN5) (CLmain.US)$ remained below $70 but $Bitcoin (BTC.CC)$ fell slightly to $95k. Gold and silver climbed, the $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ fell and the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed.
Just past 11 am ET the $S&P 500 Index (.SPX.US)$ fell 0.10%, the $Dow Jones Industrial Average (.DJI.US)$ fell 0.23%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.09%.
JOLTS job openings numbers from the Bureau of Labor Statistics came in at 7.74M, higher than last month's number, but ever since April this year, Job openings have sat at a three-year low.
Yesterday, users talked about what stocks they were watching- mostly. One user said they were checking out water stocks and believed that nuclear-powered AI energy generation would need a lot of water. Good thinking, but I have yet to see if Nuclear power plants 'buy' water from any particular firm or pump it out of a river.
Traders, what do you think? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
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Kevin Travers
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
Fmr CNBC contributor, reporter/investor/trader
Posts do not represent mm
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hedera etf? whatever this is.
MimbleWimble?.
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CAT. pullback or continue run?
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Defense stocks.. is there going to be a ROSIE RIVET industrial campaign and world war?
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