Nvidia and Alibaba Lead Afternoon Market Cap Stock Movers on Tuesday

Market Update: Notable Stock Movements on Tuesday

Tuesday’s trading session witnessed significant movements across various stock categories, with notable fluctuations among mega-cap and large-cap stocks. Nvidia Corporation and Alibaba faced differing outcomes, while Apple Inc. also experienced a notable decline. Here’s a recap of the key stock movers from today’s market.

Mega-Cap Movers (Market Cap $200B+):

• Nvidia Corporation: -3.37%
• Apple Inc.: -3.32% (affected by reports of weak iPhone 16 demand from Barclays)
• Microsoft Corporation: -1.6%
• Tesla Motors: -1.87%
• Oracle Corporation: -1.63%
• Adobe Inc.: -2.02% (following news of Stagwell named Global Lead for Creative Campaigns)
• Advanced Micro Devices: -2.47%
• Avago Technologies: -2.48%
• Exxon Mobil: +2.17% (oil stock rise on Middle East tensions)
• Alibaba: +4.51% (gaining on continued China stimulus)

Large-Cap Stock Movers (Market Cap $10B-$200B):

• Ke Holdings Inc.: +12.38%
• Li Auto Inc.: +9.21% (solid September deliveries reported)
• Futu Holdings: +9.38%
• Pinduoduo: +6.59%
• JD.Com Inc.: +6.06% (gains fueled by stimulus measures in China)
• Coinbase Global: -7.91%
• Reinvent Technology Partners Y: -6.5%
• Summit Therapeutics: -4.47%
• ProShares Trust UltraPro QQQ: -3.63%
• Rivian Automotive: -5.53%

Mid-Cap Stock Movers (Market Cap $2B-$10B):

• DDR: +44.75%
• Acuity Brands: +9.82% (Q4 profit and revenue exceeded estimates)
• Bilibili Inc.: +10.29%
• Alignment Healthcare: -14.04% (announced new Medicare Advantage plans)
• Signet Jewelers: -9.08% (CEO announced retirement plans)
• New Providence Acquisition Corp: -8.37%
• Aspen Aerogels: -8.31%
• Marathon Digital: -7.65%

Small-Cap Stock Movers (Market Cap $300M-$2B):

• Nexters: +29.88%
• United Natural Foods: +21.19% (Q4 earnings beat with mixed guidance)
• Yirendai Ltd.: +20.34%
• LexinFintech: +20.54%
• UP Fintech Holding: +14.61%
• Arcos Dorados: +12.96% (renewed franchise agreement with McDonald’s)
• Nano Nuclear Energy: +14.43%
• CPI Card Group: -16.46% (announced secondary public offering)
• CONL: -16.02%
• IGM Biosciences: -15.89% (shift in focus to autoimmune therapies)

These movements reflect the current market dynamics, highlighting both opportunities and challenges for investors.