{"id":44788,"date":"2025-01-07T18:09:00","date_gmt":"2025-01-07T18:09:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/sp-500-nasdaq-slip-as-treasury-yields-rise-nvidia-and-tesla-fall-while-getty-and-shutterstock-shares-soar\/"},"modified":"2025-01-07T18:09:00","modified_gmt":"2025-01-07T18:09:00","slug":"sp-500-nasdaq-slip-as-treasury-yields-rise-nvidia-and-tesla-fall-while-getty-and-shutterstock-shares-soar","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/sp-500-nasdaq-slip-as-treasury-yields-rise-nvidia-and-tesla-fall-while-getty-and-shutterstock-shares-soar\/","title":{"rendered":"S&P 500, Nasdaq slip as Treasury yields rise; NVIDIA and Tesla fall, while Getty and Shutterstock shares soar"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
\n<\/p>\n

<\/div>\n

Benchmark S&P 500 and the Nasdaq Composite fell on Tuesday as yields on Treasury bills rose, dampening sentiments across the market. <\/p>\n

At the time of writing, the S&P 500 index was down 0.3%, while the Nasdaq Composite shed 0.7% from the previous close. <\/p>\n

The Dow Jones Industrial Average was little changed.\u00a0<\/p>\n

Shares of NVIDIA slipped on Tuesday, paring gains from Monday even as the company unveiled new chips for desktops and laptops that use Blackwell architecture. <\/p>\n

Tesla\u2019s stock also shed 3% during the session after Bank of America downgraded the electric vehicle maker due to its higher valuation and risks associated with the strategy.\u00a0<\/p>\n

\u201cThis follows a mixed session yesterday which featured a sharp rally across tech, focused on chipmakers, and indifference everywhere else\u2026Taiwan\u2019s Foxconn reported better-than-expected fourth-quarter numbers, and this helped to boost chipmakers, taking NVIDIA and TSMC to all-time closing highs,\u201d David Morrison, senior market analyst at Trade Nation said.\u00a0<\/p>\n

The market was coming off a positive session from Monday after the Washington Post reported that US President-elect Donald Trump may be less aggressive with his tariff plans. <\/p>\n

However, hours later, Trump rebuffed the contents of the report. <\/p>\n

Cameron Dawson, chief investment officer at NewEdge Wealth told CNBC:<\/p>\n

\n

That is our base case, this idea that you\u2019re going into 2025 with such a higher bar that it sets up for some choppy price action when you consider the valuations that we\u2019re starting the year with, where positioning is and where most expectations are.<\/p>\n<\/blockquote>\n

Positive economic data<\/h2>\n

The US services sector grew at a faster pace than previously anticipated in December.<\/p>\n

This also raised concerns about whether the US Federal Reserve would be able to ease its monetary policy, given the economy remains resilient.\u00a0<\/p>\n

The ISM services sector PMI came in at 54.1. Economists polled by Dow Jones expected a print of 53.4. <\/p>\n

A key driver of that beat was the PMI\u2019s price index, which soared 6.2 points to 64.4, signaling there may be more inflation on the horizon, according to CNBC. <\/p>\n

Getty Images and Shutterstock surge<\/h2>\n

Shares of Getty Images soared on Tuesday after the company announced a merger with Shutterstock. <\/p>\n

The merger would bring two digital image databases together. <\/p>\n

After the merger, the company would keep the name of Getty Images, and would have its CEO Craig Peters as its head. <\/p>\n

According to a CNBC report, Shutterstock shareholders have the option to receive $28.85 per share as part of the deal. <\/p>\n

Other options include receiving Getty stocks or a mixture of both cash and stocks. <\/p>\n

The combined enterprise value of the combined company will be at $3.7 billion. <\/p>\n

Shutterstock\u2019s share rose 22% at the time of writing, while those of Getty were up nearly 29% from the previous close. <\/p>\n

Inari Medical jumps<\/h2>\n

Shares of medical device maker, Inari Medical, jumped 22% on Tuesday. <\/p>\n

The stock surged after a report by Reuters suggested that the company was in advanced talks with Stryker. <\/p>\n

Talks are in advanced stages for Inari Medical to be acquired by Stryker, the report said. <\/p>\n

The deal could be announced as early as later this week. <\/p>\n

The post S&P 500, Nasdaq slip as Treasury yields rise; NVIDIA and Tesla fall, while Getty and Shutterstock shares soar<\/a> appeared first on Invezz<\/a><\/p>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Invezz ) Benchmark S&P 500 and the Nasdaq Composite fell on Tuesday as yields on Treasury bills rose, dampening sentiments across the market.  At the time of writing, the S&P 500 index was down 0.3%, while the Nasdaq Composite shed 0.7% from the previous close. The Dow Jones Industrial Average was […]<\/p>\n","protected":false},"author":3947362381,"featured_media":44789,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[38],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44788"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362381"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=44788"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44788\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/44789"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=44788"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=44788"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=44788"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}