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Dec 6, 2023 thejournalbiz

U.S. stocks handed back morning gains. All three major indexes were little changed. The Russell 2000 index of small stocks outperformed its peers, rising 0.7%.

Treasury yields dropped. The 10-year yield was recently at 4.113%, down from 4.171% late yesterday.

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Marketwatch:
British American Tobacco (BTI): shares fell 9%
Apple (AAPL): Apple stock held steady in early trading.
Nvidia (NVDA): Nvidia shares edged higher in early trading.
Plug Power (PLUG): stock fell nearly 5%.
SentinelOne (S): SentinelOne stock soared.#stockstowatch pic.twitter.com/Jx7KQZ3lf1

— The_Journalbiz (@the_journalbiz) December 6, 2023

Factset chart

British American Tobacco (UK: BATS), (BTI): The cigarette manufacturer’s U.S.-listed shares fell 9% after BAT said it expected to take a $31.5 billion impairment on its U.S. brands due to lackluster sales. Shares in U.S. rival Altria (MO) traded down 3%.

Apple (AAPL): The market heavyweight ended Tuesday with a value of more than $3 trillion for the first time since August. Apple stock held steady in early trading.

Nvidia (NVDA): The chip maker’s chief executive said it was working with U.S. authorities to create new products that comply with regulations on exports to China. Nvidia shares edged higher in early trading.

Plug Power (PLUG): The hydrogen fuel-cell maker’s stock fell nearly 5%. Its shares have been under pressure for months, along with other clean-energy stocks.

SentinelOne (S): Results from the cybersecurity company blew past analysts’ forecasts. SentinelOne stock soared.

Campbell Soup (CPB): The soup maker posted lower quarterly sales and profit after higher prices were unable to offset lower volumes. Adjusted earnings per share beat consensus forecasts, and Campbell stock rose more than 5%.

GameStop (GME) and Chewy (CHWY) are among companies due to report results after the close.