00:00 Speaker A
that we noticed final week with the NASDAQ and the S&P 500. We’ve the Dow off round 420 factors to finish the session. NASDAQ up, uh, off round 9/10 of a % after which the S&P 500 off about 8/10 of a %. However all three indexes closing off of their session lows right here. Now, if we check out some sector motion, you are going to see numerous pink in your display. Utilities, the one sector to shut within the inexperienced there. However we do have client discretionary as the most important laggard of the session. Why? Properly, that was dragged down by shares of Tesla and Tesla, one of many greatest underperformers of the session immediately. If we have a look underneath the hood on the NASDAQ 100, you are going to see that shares completed off round 6%, uh, actually 7% should you spherical up. And year-to-date, we’re down almost 30%. Now, this comes as CEO Elon Musk, he is discovered himself in a little bit of sizzling water in the case of numerous political endeavors. Earlier immediately, he stated he was lifeless critical about beginning a 3rd political get together and even the most important bulls on Wall Avenue stated that this isn’t what buyers need to hear, particularly since Tesla has been struggling on some fronts, particularly in the case of its EV enterprise. We simply had the passing of the one huge stunning invoice that can get rid of the EV tax credit and could be a drag on Tesla’s backside line right here. However I additionally need to name out Palantir. I imply, regardless of this sea of pink that we have been seeing right here immediately, it’s up over 80%. It was truly the perfect performing inventory within the S&P 500 for the primary six months of the 12 months after which even immediately, we noticed shares end up round, uh, 3.5%. So Palantir, as soon as thought of a meme inventory, however now very a lot a play in buyers’ portfolios there, Josh.
03:22 Speaker B
All proper. Thanks, Ali.
