Apple, Tesla, and Hasvro stocks drop before the market opens; Coinbase and Exxon Mobil see gains”
With the onset of the new year, there is a decline in the markets, because investing.com, even before the US’s major manufacturing activity data is released, the market is telling some of these things.
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by TAUHID SHAH
January 2 : Tuesday: 10:32 pm | last update
Today some stocks have done wonders.
Coinbase (NASDAQ: COIN) stock rose 2.6% as the cryptocurrency exchange benefited from Bitcoin’s surge in cryptocurrency exchange value, and its value is forecast to rise for the next 21 months. Due to this article, the U.S. The Securities and Exchange Commission was close to approving the world’s largest spot exchange-traded fund. It’s related to cryptocurrency.
Exxon Mobil (NYSE: XOM) stock rose 0.7% and Chevron (NYSE: CVX) rose 0.8%. Sea.
After shifting its focus from ‘purchase’ to ‘neutral’ by toy manufacturer Mattel, the stock of Hasbro (NASDAQ: HAS) declined by 2.1%. This downturn suggests management uncertainty amid efforts to reignite growth in the toy business.
The Dutch government’s restriction on the export of certain devices to China for chip manufacturers led to a 3% decrease in revenue in the semiconductor industry (AS: ESML).
Tesla’s (NASDAQ: TSLA) stock dipped by 1% as the electric car manufacturer faced stiff competition from BYD (SZ:002594), with the Chinese rival selling a record 526,000 battery-powered vehicles in the fourth quarter. Tesla is gearing up to unveil its full-year production and delivery numbers on Tuesday and is potentially on track to sell fewer cars compared to BYD for the second consecutive year.
After Barclays (LON: BARC) lowered its rating on the iPhone maker from ‘equal weight’ to ‘underweight’, Apple’s (NASDAQ: AAPL) stock fell by 1.9%. Concerns were voiced regarding prolonged weak performance and potential expansions. There’s apprehension about its long-term sustainability.
After news of a deal with Novartis (SIX: NOVN), Voyager Therapeutics (NASDAQ: VYGR) stock surged by 30%, encompassing a milestone payment of up to $1.2 billion.
