The Dow Jones Industrial Average closed lower overnight (Dec 30) as investors took profits after the Dow rose six days in a row. gleefully After news that the US Centers for Disease Control is investigating reports of COVID-19 cases on board.
The Dow Jones Industrial Average closed at 36,398.08, down 90.55, or -0.25%, the S&P500 closed at 4,778.73, down 14.33, or -0.30%, and the Nasdaq closed at 15,741.56, down 24.65, or -0.16%.
in the beginning New York Stocks Rise on Bright US Labor Data The Labor Department said initial claims for unemployment benefits fell 8,000 to 198,000 last week. This was lower than the 205,000 analysts had expected. However, the market weakened towards the end of trading. Because investors sell profits
Seven of the 11 stocks in the S&P500 closed in negative territory, led by the energy and technology index, which were all down 0.68%. Exxon Mobil was down 0.59%, Chevron was down 0.44%. NocoPhillips was down 0.88%, while technology shares advanced micro devices (AMD) were down 2.10 percent, Microsoft was down 0.77%, Apple was down 0.66%. NVIDIA fell 1.38%.
Cruise ship stocks plummet The US Centers for Disease Control and Prevention (CDC) is accelerating inspections and observations of 88 cruise ships following reports of coronavirus cases. Norwegian Cruise Line shares fell 2.59 percent, Carnival Core shares. Y fell 1.27 percent, while Royal Caribbean Cruises shares were down 1.11%.
Micron Technology shares plunged 2.37 percent after the company released a statement that Lockdown measures to prevent covid-19 in Xi’an city of China This may result in delays in the delivery of DRAM chips to customers. The Chinese government has implemented strict measures to limit both inbound and outbound travel in Xi’an from Dec. 23 in line with the Chinese government’s guidelines to promptly curb the epidemic.
Tesla shares fell 1.46 percent after the National Highway Traffic Safety Agency (NHTSA) said it had recalled nearly 500,000 vehicles over problems that could endanger driving.
Tesla has announced it is recalling 356,309 Model 3 vehicles produced in 2017-2020 due to a problem with the rear view camera. It is also recalling 119,109 Model S vehicles over a problem with the bonnet that may open during driving. and may cause an accident from the driver being blocked from visibility
Biogen shares fell 7.09 percent after a Samsung spokesman. The group has denied a report by The Korea Economic newspaper that Samsung Group is in talks to acquire Biogen for $42 billion.