Market Overview - The stock market faced a significant downturn, with tech stocks leading the decline. The Dow Jones fell by 1.65% to 47,457.22, the S&P 500 decreased by nearly 1.7% to 6,737.49, and the Nasdaq dropped by 2.29% to 22,870.35 [1] - Fed officials expressed concerns about persistent inflation, diminishing hopes for rate cuts in December, leading to a risk-off sentiment in the market, which pushed CNN's Fear & Greed Index into "extreme fear" territory [1] Company Performance Applied Materials Inc. (NASDAQ:AMAT) - The stock declined by 3.25%, closing at $223.23, with an intraday high of $229 and a low of $219.63. In after-hours trading, it fell by 4.52% to $213.15 [2] - The company reported fourth-quarter earnings of $6.8 billion, exceeding analyst estimates of $6.67 billion, with adjusted earnings per share of $2.17, surpassing expectations of $2.10. The performance was attributed to investments in advanced semiconductors and wafer fab equipment driven by AI adoption [3] Nu Holdings Ltd. (NYSE:NU) - The stock fell by 3.65%, closing at $15.59, with an intraday high of $16.20 and a low of $15.48. In after-hours trading, it rose by 2.95% to $16.05 [4] - The third-quarter earnings report showed quarterly earnings of 17 cents per share, higher than the estimates of 16 cents, and revenue of $4.17 billion, exceeding the consensus estimate of $3.8 billion [5] Strategy Inc. (NASDAQ:MSTR) - The stock dropped by 7.15%, closing at $208.54, with an intraday high of $226 and a low of $207.03 [6] - The decline was linked to a drop in Bitcoin prices, with analysts debating the stability of the crypto's four-year halving cycle. Despite expanding its holdings to 640,808 BTC and posting a $12.9 billion year-to-date gain, the stock hovered near a 52-week low [7] Virgin Galactic Holdings Inc. (NYSE:SPCE) - The stock decreased by 8.56%, closing at $3.31, with an intraday high of $3.60 and a low of $3.28. In extended trading, it gained 3.6% to $3.43 [8] - The company reported third-quarter revenue of $365,000, missing estimates, while its loss narrowed to $1.09 per share. Adjusted EBITDA improved to a $53 million loss, and the company ended the quarter with $424 million in cash. Virgin Galactic reaffirmed plans to begin commercial spaceflights in late 2026, with private astronaut missions expected in early 2027 [9] Tesla Inc. (NASDAQ:TSLA) - Tesla's stock fell by 6.64%, closing at $401.99, with an intraday high of $424.50 and a low of $396.34 [10] - Criticism arose regarding Tesla's focus on autonomy and robots, with concerns about declining global volumes and high valuations amid competition in the autonomous vehicle market [11]
AMAT, NU, MSTR, SPCE, TSLA: 5 Trending Stocks Today - Tesla (NASDAQ:TSLA)