Trending stocks, bonds and more
Stocks were lower around midday Tuesday, starting the new year on a downbeat note.
The S&P 500 was recently off 0.9%.The Dow industrials were down 0.6%, or about 200 points. The Nasdaq Composite was off 1.3%.
Tweet on trending stocks
Tesla: Shares fell 4% premarket. Tesla stock had tumbled 65% last year.
Advanced Micro Devices, Nvidia, Intel: Semiconductor stocks gained premarket,over 1%.
Alibaba: rose 3% premarket
AMC stock rose 0.5%
Block: rose 4.1%.
Southwest: shares rose 1% premarket#Trending #stocks pic.twitter.com/0TzMcsabCf— The_Journalbiz (@the_journalbiz) January 3, 2023
FactSet chart
Tesla: The electric-vehicle maker delivered fewer vehicles in 2022 than it initially targeted. Shares fell about 4% premarket. Tesla stock had tumbled 65% last year.
Li Auto: The Chinese EV maker reported record-high monthly delivery figures for December last Friday, rounding out 2022 with a 47% increase in deliveries for the year. Li Auto’s American depositary receipts rose 6.7% premarket. Stock in rivals NIO and XPeng also gained ahead of the opening bell.
Advanced Micro Devices, Nvidia, Intel: Semiconductor stocks gained premarket, with AMD, Nvidia and Intel all adding more than 1%.
Alibaba: Shares in the Chinese online-retail giant rose nearly 3% premarket, leading Chinese shares higher as the economy there adjusts to the lifting of Covid-19 restrictions.
AMC Entertainment: The memestock darling was actively traded premarket after rival Cineworld Group said Tuesday that it wasn’t in talks with AMC regarding the sale of its cinema assets. AMC said on Dec. 21 it held discussions regarding a potential strategic acquisition of theaters from Cineworld. AMC stock recently stood about 0.5% higher.
Block: The digital-payments company led the beleaguered fintech sector higher in premarket trading, rising 4.1%. Paypal shares also rose. Financial tech companies were among the most battered stocks in 2022.
Southwest: The airline’s shares ticked up about 1% premarket after it restored normality to its schedule following a holiday season meltdown.
GE HealthCare Technologies: Shares in General Electric’s healthcare spin-off will officially start trading Wednesday. The stock has been trading on a “when-issued” basis at around $60.
