Tesla stock (NASDAQ: TSLA) fell sharply on Tuesday, sliding more than 3% to close at $396.40, as investors reevaluated the company's bold bets on autonomous vehicles. The stock's decline wiped out bil... ...

Core Insights - The US stock market has experienced significant growth over the past seven months, with the S&P 500 index increasing by more than 30% from its year-to-date low in early April [1] Group 1: Market Performance - The S&P 500 index is currently up more than 30% compared to its low in early April [1] - The rally in the stock market is largely driven by enthusiasm surrounding artificial intelligence (AI) [1] - Resilient consumer spending has also contributed to the positive market performance [1] Group 2: Key Drivers - Artificial intelligence and data infrastructure are highlighted as major factors fueling the market rally [1] - The combination of technological advancements and consumer behavior is creating a favorable environment for stock market growth [1]

Core Viewpoint - US equities experienced a significant decline as investors moved away from major technology stocks, leading to a deterioration in sentiment across risk assets [1] Market Performance - The Dow Jones Industrial Average fell by 466 points, representing a 1% decrease [1] - The S&P 500 also decreased by 1%, marking its fourth consecutive day of losses, which is the longest downturn since August [1]

Core Viewpoint - Robinhood's stock price has recently declined from a high of $150 to $115, indicating a potential for further downside in the coming weeks [1] Price Movement - The stock price has pulled back significantly, forming a risky pattern that suggests more declines may occur [1]

AkzoNobel and Axalta have agreed to merge in an all-stock deal that will create a global coatings giant valued at $25 billion, including debt, in one of the most significant tie-ups the industry has s... ...

Core Viewpoint - Rio Tinto plans to reduce production at its Yarwun alumina refinery by 40% starting next October to extend the facility's operational life [1] Production Decision - The company has opted not to construct a second waste facility at Yarwun due to the conclusion that the necessary substantial investment is not currently viable [1]

Core Insights - Apple Inc.'s iPhone 17 lineup is experiencing significant success in China, with a 37% increase in smartphone sales in October, highlighting a positive trend in a challenging market [1] Company Summary - The iPhone 17 series has contributed to a notable rise in sales for Apple, indicating strong consumer demand and brand loyalty in a competitive environment [1] Industry Summary - The smartphone market in China has been struggling to recover, making Apple's performance a rare positive development amidst broader industry challenges [1]

Core Viewpoint - XPeng's stock price fell over 10% on Monday, entering a bear market after a decline of over 20% from its peak this year, despite reporting strong financial results [1] Financial Performance - The company published strong financial results, indicating robust performance [1] Market Competition - XPeng warned about its growth prospects due to increasing competition in the Chinese market [1]

Advanced Micro Devices (NASDAQ: AMD stock) tumbled nearly 4 percent on Monday, part of a broader tech selloff that's rattling investor confidence across the semiconductor sector. AMD dropped 3.44 perc... ...

Wall Street took a sharp punch to the gut on Monday as major indices tumbled in midday trading, with the Dow Jones down roughly 400 points and the tech-heavy Nasdaq plunging nearly 2 percent. The broa... ...