Boeing, MicroStrategy, EQT, and More
Main points
- U.S. stocks fell midday, with investors apparently looking to lock in profits for 2024 ahead of tomorrow’s final trading day of the year.
- South Korea requested inspections of a Boeing 737-800 plane after it crashed over the weekend, killing 179 people.
- Natural gas prices soared, sending shares of energy producers higher.
U.S. stocks plunged midday on Monday as investors appeared to take advantage of a sharp rally in 2024 ahead of the final day of the year. this Dow Jones Industrial Average, S&P 500 Indexand Nasdaq All fell about 1%.
Boeing (Bachelor) was one of the worst-performing stocks on the Dow Jones after South Korean officials ordered inspections of the planemaker’s 737-800 aircraft following a fatal crash of a Jeju Air flight this weekend.
MicroStrategy stock (Magnetic transmission technologyBitcoin plunged when its largest corporate holder announced it had sold more than 592,000 shares and used the $209 million it raised to buy more of the cryptocurrency.
Archer Air (acetylcholine receptor) electric vertical takeoff and landing (eVTOL) aircraft maker backed by United Airlines (University of London College of Art) said it doubled the number of common shares available to it and changed board membership requirements.
Energy companies, including EQT (EQT) and Kotla Energy (CTRA), dominated the S&P 500’s top gainers as natural gas prices soared amid strong demand for natural gas due to cooler weather ahead in the U.S. and Europe.
NVIDIA (NVDA) is the only stock in the Dow Jones index that is in positive territory. When stock prices rise Artificial Intelligence (AI) The chipmaker completed its acquisition of Israeli artificial intelligence infrastructure company Run:ai.
The stock of another artificial intelligence-related company, Palladyne AI (Pardine), took off after the robotics software maker reported that a drone using its technology successfully tracked a moving target for the first time.
Oil futures rose. Gold prices were little changed. The 10-year Treasury yield fell. The dollar rose against the euro and pound but fell against the yen. Major cryptocurrencies traded lower.