During Market hours yesterday – (Monday – 27.12.2021):
- The Dow (Symbol: DIA) went up 0.99%. The S&P 500 (Symbol: SPY) rose 1.42% and the Nasdaq (Symbol: QQQ) jumped 1.65%.
- GoDaddy (Symbol: GDDY) — The web hosting company saw its shares jump 8.4% following a Wall Street Journal report that activist investor Starboard Value has taken a 6.5% stake in it, worth roughly $800 million.
- Norwegian Cruise Line (Symbol: NCLH), Royal Caribbean (Symbol: RCL) — Cruise line shares also retreated after reported Covid outbreaks on ships. Royal Caribbean slid 1.4%. Carnival (Symbol: CCL) fell 1.2%, and Norwegian Cruise Line dipped 2.6%.
- APA Corp. (Symbol: APA), Devon Energy (Symbol: DVN) — Energy names rose as oil prices moved higher. APA Corp added 7.3%, Devon Energy gained 6.1%, and Diamondback Energy rose 4.9%.
- Moderna (Symbol: MRNA) — Moderna shares dipped 1.2% after the Financial Times reported the drugmaker is fighting a shareholder proposal that the company open up its vaccine technology to poorer countries. The proposal calls on Moderna to explain why its prices are so high in light of the amount of government financial support it has received.
- Didi Global (Symbol: DIDI) — Chinese ride-hailing company Didi’s shares fell 5.4% after the Financial Times reported Didi is blocking employees from selling company shares for an indefinite period. That follows a move by the company earlier this month to delist the stock in the United States.
During Premarket hours today – (Tuesday – 28.12.2021):
- Apple (Symbol: AAPL) — The company is once again approaching a $3 trillion market value, needing to reach $182.86 per share to achieve that milestone. Separately, Apple is closing its 12 New York City stores to indoor traffic due to the spread of the Covid-19 omicron variant. Apple edged higher by 0.3% in premarket action.
- Vipshop Holdings (Symbol: VIPS) — The China-based e-commerce company’s stock fell 2.4% in the premarket after cutting its current-quarter revenue guidance. Vipshop cited its “latest view on the market and operational conditions” without being specific, but a Jefferies report said warmer weather and an increase in Covid-19 cases likely dented consumer demand.
- Coinbase (Symbol: COIN) — The cryptocurrency exchange operator’s shares dropped 2.2% in the premarket as the price of bitcoin retreated, putting the stock in danger of breaking a four-day win streak that saw it gain 17.7% over that stretch.
- Nvidia (Symbol: NVDA) — The graphics chip maker’s shares added 1.2% in the premarket after rising for the past 4 days in a row and helping to lead the iShares Semiconductor ETF (Symbol: SOXX) to a record high in Monday trading. Advanced Micro Devices (Symbol: AMD) – also a big factor in driving the SOXX higher – added 1% in premarket trading. Chip stocks have been rising amid supply shortages and strong demand, leading to higher prices for chips.
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