NDXP241122C22225000
- 3.47
- 0.000.00%
NASDAQ 100 Index Newsroom
Did the Biden administration reportedly finalize the $8 billion chip bill funding with intel before Trump took office?
After Trump questioned the subsidy method for the chip bill, the media reported that the goal of the Department of Commerce is to complete funding agreements as much as possible before Trump took office; considering intel's delay in investments related to the Ohio wafer factory, as well as its own technical roadmap and customer demands, the Biden administration plans to reduce the initially announced $8.5 billion appropriation by $0.5 billion.
U.S. stocks closed higher with all three major indices rising. The Dow, S&P, and Russell 2000 all hit record highs, while nvidia fell more than 4% against the market; bitcoin fell below $93,000, while microstrategy dropped more than 4%.
Funds continue to flow out of the technology sector, rotating into cyclical stocks. The Dow rose more than 400 points, while the Russell small cap stocks rose by 2.5% at one point. The S&P hit a new intraday high before narrowing its gains. Nvidia dropped over 4% to a three-week low, Tesla fell by nearly 4%, Nio dropped by 3.6%, but Alibaba rose by nearly 3%.
Here's the Major Earnings Before the Open Tomorrow
Will challenge Trump and Musk's 'gun lying'? California's electric vehicle subsidy program will exclude Tesla.
California plans to provide state subsidies to local electric vehicle buyers if Trump cancels federal government subsidies after taking office next year. However, the subsidies will exclude popular electric vehicle models from Tesla to create market conditions for more auto manufacturers to establish themselves.
AstraZeneca Reports Positive Phase 3 Results for Truqap in Prostate Cancer
Workday Q3 2025 Earnings Preview
Amazon Web Services Awarded $158M U.S. Army Contract
No Rebate for You! California's Newsom Excludes Tesla From ZEV Credit
Amazon's $8 Billion Investment In AI Developer Anthropic 'Mutually Beneficial,' Says Analyst
MercadoLibre Trades in the Green for Seven Straight Sessions
Elon Musk's Neuralink to Begin Study on Brain Implant and Robotic Arm
Is the future US Secretary of Commerce a new helper for cryptos? His company was exposed to holding Tether, advancing the bitcoin lending project
Financial services company Cantor, founded and led by Lutnick, reached an agreement last year to hold 5% of Tether's equity, worth as much as $0.6 billion at the time; Tether is facing investigations by the US Department of Justice for violating sanctions and money laundering regulations, with its boss stating that Lutnick will try to use his political influence to resolve the threats facing Tether; Cantor is also considering accepting Tether's support for its initial $2 billion Bitcoin collateral loan project.
Dow, S&P, and Nasdaq Ended Higher to Start the Holiday Shortened Trading Week
Shares of Retail Companies Are Trading Higher Possibly Amid Overall Market Strength. The Sector May Be Gaining as Investors Evaluate the Impact of Black Friday Sales.
Here's How Much You Would Have Made Owning Autodesk Stock In The Last 15 Years
Here's How Much $100 Invested In Moderna 5 Years Ago Would Be Worth Today
Looking At Cisco Systems's Recent Unusual Options Activity
Shares of Companies Within the Broader Tech Sector Are Trading Higher, With Stocks Rising Amid a Drop in Yields. President-elect Trump Nominated Scott Bessent as Treasury Secretary.
Quantum Corporation Shares Are Trading Higher After Amazon Announced It Has Launched Its Quantum Embark Program.
Vertex Leads J.P. Morgan's Top Biotech Picks List for 2025