Alphabet and SpaceX Drag Nasdaq Down 1.2% While Dow Gains

Price ActionMacro Impact 4
โดย The Motley Fool·Read original
Summary · why it matters

The Nasdaq Composite dropped 1.2% on Monday, weighed down by steep declines in Alphabet and SpaceX, while the Dow Jones Industrial Average rose 0.4%. SpaceX fell 10.3%, its worst day since going public, erasing $227 billion in market value after a post-IPO surge of as much as 67%. Alphabet slid 6%, shedding about $254 billion in market capitalization, after news that Noam Shazeer, co-lead of Google's Gemini AI models, is leaving for OpenAI. The S&P 500 slipped 0.3%, and the Dow was lifted by a 3.7% gain in Caterpillar, which added 226 points amid falling oil prices and easing Iran tensions. The United States Oil Fund sank 2.7% after the Treasury Department authorized Iranian oil sales for 60 days, though shipping through the Strait of Hormuz remains minimal.

Impact on stocks 4

Artificial Intelligence▼ · 2 stocks
Alphabet Inc Class C
GOOG
▼ NegativeCompetitionrelevance

Alphabet slid 6% after Noam Shazeer, co-lead of Google's Gemini AI models, left for OpenAI.

Space Economy▼ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
Caterpillar Inc
CAT
▲ PositiveGeopoliticsrelevance

Dow lifted by Caterpillar's 3.7% gain amid falling oil prices and easing Iran tensions.

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