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Dec 27, 2022 thejournalbiz

U.S. stock indexes after the Christmas were mixed on opening!

The Nasdaq Composite losing ground and the Dow ticking upward

Tweet on trending stocks

Trending stocks today:

Southwest Airlines: Shares declined 4.1% premarket.
Tesla:Shares fell 3.7% premarket.
Alibaba Group Holding added 2.2% premarket, while https://t.co/ShdJlrYZOX gained 2.5%.
Baidu rose 2.1% premarket.#Trending #stocks pic.twitter.com/2G2XST7Jqf

— The_Journalbiz (@the_journalbiz) December 27, 2022

FactSet Chart on trending stocks

China earlier said it would lift Covid-19 quarantine requirements on international arrivals.

While the S&P 500 was recently down 0.1% and the Dow industrials were up 0.4%, or about 140 points.

The trending stocks today are:

Southwest Airlines: The airline canceled more than two-thirds of its flights Monday and plans to slash its schedules Tuesday and Wednesday, in a meltdown that stranded thousands of customers. Shares declined 4.1% premarket.

Tesla: The electric carmaker suspended car production at its Shanghai plant on Saturday, extending a planned eight-day production halt at its largest worldwide plant by car output, The Wall Street Journal reported. Shares fell 3.7% premarket.

Alibaba, JD.com: American depositary receipts of Chinese companies rose premarket after China said that it would drop Covid-19 quarantine requirements for international arrivals next month. Alibaba Group Holding added 2.2% premarket, while JD.com gained 2.5%. Baidu rose 2.1% premarket.

Stocks were mixed around midday Tuesday as investors returning from the holiday break considered China’s latest plans to ease restrictions at its borders.