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via finance.yahoo.comMarkets

SpaceX and Tesla extend slide as chip stocks drop after Qualcomm and Arm results

FROM THE WIRE · FINANCE.YAHOO.COM

Good morning. The major averages were mixed on Thursday as shares of SpaceX (SPCX) and Tesla (TSLA) also extended declines, dropping 6% and 9%, respectively. Shares of the Elon Musk-led companies were hit on Wednesday after Democrats took control of the House and Senate, raising…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishDeclines in Tesla, SpaceX and the tech sector weigh on markets while oil prices rebound.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Tesla and SpaceX fell 9% and 6%, respectively.
  2. 02The Tech sector (XLK) declined Thursday as semiconductor stocks extended losses after Qualcomm and Arm results.
  3. 03Brent rose 3% to around $97 a barrel and WTI rose to $89 a barrel.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Tesla, Inc.TSLAStock346.58 USD-0.34%today -10.02%Negative Space Exploration Technologies Corp.SPCXStock124.20 USD-0.95%today -8.62%Negative QUALCOMM IncorporatedQCOMStock151.97 USD-3.29%today -12.25%Negative Arm Holdings plc American Depositary SharesARMStock167.84 USD-2.37%today -12.49%Negative State Street Technology Select Sector SPDR ETFXLKETF166.71 USD-0.02%today -5.55%Negative Crude Oil WTICOMMODITY:WTICommodity90.77 USD+0.89%today +3.01%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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