Today At A Glance:

U.S. stocks declined, ending the S&P 500’s six-day winning streak, as investors reacted to Moody’s downgrade of the U.S. credit rating and concerns over rising bond yields. The Dow Jones Industrial Average fell by 270 points (0.6%), the S&P 500 dropped 0.8%, and the Nasdaq Composite decreased by 0.9% . Travel and technology sectors led the losses, with companies like Airbnb and Norwegian Cruise Line experiencing significant declines. Conversely, Moderna’s stock surged following the FDA’s updated guidelines for COVID-19 booster approvals . Overall, the market faced headwinds from economic uncertainties and sector-specific challenges.

Today’s Index Performance:

• S&P 500: Opened at 5,963.60 and closed at 5,915.90, a decrease of 0.8% for the day.
• Dow Jones Industrial Average: Opened at 42,792.07 and closed at 42,522.07, falling by 0.6%.
• NASDAQ Composite: Opened at 19,215.46 and closed at 19,042.61, down 0.9%.

Gainers Of Note:

• Moderna Inc. (NASDAQ: MRNA): Shares rose after the FDA introduced updated guidelines for approving COVID-19 booster shots for healthy individuals.
• Uber Technologies Inc. (NYSE: UBER): Stock reached an all-time high following a JPMorgan price target increase, citing strong projections and potential in autonomous vehicle technology.
• Amer Sports Inc. (NYSE: AS): Hit a record high, bolstered by better-than-expected earnings and rising sales from its running shoe division, despite ongoing U.S. tariffs.

Losers Of Note:

• Airbnb Inc. (NASDAQ: ABNB): Shares declined after the Spanish government mandated the removal of 66,000 listings over housing regulation violations .Investopedia
• AES Corporation (NYSE: AES): Stock sank due to a downgrade and price target cut by Jefferies amid concerns over renewable energy demand .Investopedia
• Viking Holdings Ltd. (NYSE: VIK): Shares dropped after reporting lower-than-expected passenger numbers.

Active Traders Of Note:

• D-Wave Quantum Inc. (NYSE: QBTS): Experienced a significant surge in trading volume following the unveiling of an advanced quantum computing system .AP News
• Tesla Inc. (NASDAQ: TSLA): Remained among the most actively traded stocks amid volatility .
• NVIDIA Corporation (NASDAQ: NVDA): High trading volume driven by continued interest in AI technologies .

Note: The stock performance summaries are based on general trends observed over the past ten trading days and are not indicative of future results.

THIS NEWSLETTER IS PARTNERED WITH ROBINHOOD.COM AND IS FINANCIALLY SPONSORED BY THAT SERVICE.

TO BEGIN YOUR INVESTMENT JOURNEY TODAY, USE THIS LINK TO SET UP YOUR ACCOUNT.