Auto & Energy Stocks Drive S&P 500 Lower

Written By Timmy Adami

September 25, 2024

MRKT Matrix - Wednesday, September 25th

  • Dow falls nearly 300 points to snap four-day win streak, S&P 500 retreats from record (CNBC)

  • Morgan Stanley’s Jonas downgrades Ford and GM, citing China competition, problems with U.S. consumer (CNBC)

  • Nvidia Stock Edges Up. New Report Puts Numbers to AI Chip Growth. (Barron’s)

  • OpenAI Pitched White House on Unprecedented Data Center Buildout (Bloomberg)

  • Meta unveils $299 Quest 3S VR headset, Orion AR glasses prototype (CNBC)

  • US Mortgage Rates Fall Again, Triggering Big Wave of Refinancing (Bloomberg)

  • Online Holiday Spending Projected to Rise 8.4%, Most Since 2021 (Bloomberg)

Timmy Adami
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