During Market hours Yesterday — (Wednesday – 28.12.2022):
- The Dow (Symbol: DIA) went down -1.14%. The S&P 500 (Symbol: SPY) lost -1.24%. and the Nasdaq (Symbol: QQQ) fell -1.32%.
- Tesla (Symbol: TSLA) – The electric vehicle stock rose +3.3% after selling off during ten of the last 11 trading sessions. Baird also trimmed its price target on shares to $252 from $316 a share.
- Southwest Airlines (Symbol: LUV) – Shares of the airline dropped -5.2% as it continues to run a reduced schedule. Southwest canceled 60% of its flights scheduled for Wednesday, while rival airlines capped fares in an attempt to help stranded travelers.
- AMC Entertainment (Symbol: AMC) – AMC Entertainment shares dipped about -4.7% a day after CEO Adam Aron tweeted that he asked the company’s board to freeze his 2023 pay and urged other executives to forgo salary bumps.
- Nio (Symbol: NIO) — Shares of the electric car maker dropped +2.6%. It builds on Tuesday’s 8% slide, which came after it announced production cuts for the fourth quarter due to Covid outbreaks.
- Energy stocks – A slate of energy companies slipped alongside falling prices for oil and natural gas. EQT (Symbol: EQT) dropped -7.8%, APA (Symbol: APA) shed -5.2% and Coterra (Symbol: CTRA) lost -4.7%. Those three names were among the biggest losers in the S&P 500 in midday trading.
- Apple (Symbol: AAPL) — Shares of the technology giant slid -3.1%. The stock has dropped the last three days, touching a fresh 52-week low on Wednesday.
During Premarket hours today — (Thursday – 29.12.2022):
- Tesla (Symbol: TSLA) – Tesla rallied +4.4% in the premarket after posting its first rise in eight sessions Wednesday, softening the blow to its stock in what will still be the worst year ever for Tesla shares.
- Cal-Maine Foods (Symbol: CALM) – Cal-Maine slid -4.9% in premarket trading after its quarterly earnings came in below Wall Street forecasts. Cal-Maine reported record sales for the quarter as an avian flu outbreak continued to limit the supply of eggs, driving prices sharply higher. The company also said there were no positive tests for avian flu at any of its production facilities, as of Wednesday.
- Southwest Airlines (Symbol: LUV) – Southwest remains on watch as the airline struggles to recover from issues that caused thousands of flight cancellations over the past week. The stock is fractionally higher this morning after falling 11% over the past two days.
- Apple (Symbol: AAPL) – Apple is up +1% in premarket trading after closing Wednesday at a 1-1/2 year low. Apple is down 29% for 2022.
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