Market Today: UnitedHealth Tragedy and Nvidia's EU Inquiry Highlight

GuruFocus12-05

Market Overview The S&P 500 advanced 36 points to reach a new record high. The Nasdaq Composite increased by 1.3% to a fresh all-time high, while the Dow Jones Industrial Average closed above 45,000 ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2489129999?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-05 06:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2489129999","market":"hk","top_or_hot":-1,"title":"Market Today: UnitedHealth Tragedy and Nvidia's EU Inquiry Highlight","media":"GuruFocus","content":"<div>\n<p>Market Overview The S&P 500 advanced 36 points to reach a new record high. The Nasdaq Composite increased by 1.3% to a fresh all-time high, while the Dow Jones Industrial Average closed above 45,000 ...</p>\n\n<a href=\"https://www.gurufocus.com/news/2623789/market-today-unitedhealth-tragedy-and-nvidias-eu-inquiry-highlight\">Source Link</a>\n\n</div>\n","source":"gurufocus_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Today: UnitedHealth Tragedy and Nvidia's EU Inquiry Highlight</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Today: UnitedHealth Tragedy and Nvidia's EU Inquiry Highlight\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-05 06:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.gurufocus.com/news/2623789/market-today-unitedhealth-tragedy-and-nvidias-eu-inquiry-highlight><strong>GuruFocus</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market Overview The S&P 500 advanced 36 points to reach a new record high. The Nasdaq Composite increased by 1.3% to a fresh all-time high, while the Dow Jones Industrial Average closed above 45,000 ...</p>\n\n<a href=\"https://www.gurufocus.com/news/2623789/market-today-unitedhealth-tragedy-and-nvidias-eu-inquiry-highlight\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0175139822.USD","symbol_name":"AB FCP I Global Equity Blend A USD","start_time":0,"source_url":"https://www.gurufocus.com/news/2623789/market-today-unitedhealth-tragedy-and-nvidias-eu-inquiry-highlight","article_id":"2489129999","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489129999","pubTimestamp":1733351537,"columns":[],"sourceInfo":{"source_id":"gurufocus_highlight","name":"GuruFocus"},"weMediaInfo":null,"summary":"Market Overview The S&P 500 advanced 36 points to reach a new record high. The Nasdaq Composite increased by 1.3% to a fresh all-time high, while the Dow Jones Industrial Average closed above 45,000 f","collect":0,"end_time":0,"defaultTopTitle":"gurufocus.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0175139822.USD":"AB FCP I Global Equity Blend A USD","LU0006306889.USD":"SCHRODER ISF US LARGE CAP \"A\" (USD) INC AV","NVDY":"YIELDMAX NVDA OPTION INCOME STRATEGY ETF","LU1145028129.USD":"ALLIANZ INCOME AND GROWTH \"AQ\" (USD) INC","SG9999015945.SGD":"LionGlobal Disruptive Innovation Fund A SGD","LU0203201768.USD":"AB SICAV I - ALL MARKET INCOME PORTFOLIO \"AX\" (USD) INC","IE00BQXX3F31.USD":"GUINNESS GLOBAL INNOVATORS \"C\" (USD) ACC","ET":"Energy Transfer LP","LU0708995401.HKD":"FRANKLIN U.S. OPPORTUNITIES \"A\" (HKD) ACC","LU0251131958.USD":"FIDELITY AMERICA \"A\" (USD) ACC","DLTR":"美元树公司","LU2242649171.HKD":"FIDELITY FUNDS GLOBAL THEMATIC OPPORTUNITIES \"A\" (HKD) ACC","CRM":"赛富时","HPE":"慧与科技","LU2552382132.HKD":"WELLINGTON US BRAND POWER \"A\" (HKD) ACC","SNVD.UK":"LS -1X NVIDIA","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","NVDA":"英伟达","PSTG":"Pure Storage Inc","MRVL":"迈威尔科技","LU1815336760.USD":"THREADNEEDLE (LUX) GLOBAL TECHNOLOGY \"AUP\" (USD) INC","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","NVD":"GraniteShares 2x Short NVDA Daily ETF","MGK":"Vanguard Mega Cap Growth ETF","LU2272731600.USD":"Allianz Global Intelligent Cities AM Dis USD","NVDD":"Direxion Daily NVDA Bear 1X Shares","LU2250418816.HKD":"BGF WORLD TECHNOLOGY \"A\" (HKD) ACC","NVD2.UK":"2X NVIDIA ETP","LU0048573561.USD":"FIDELITY AMERICA \"A\" (USD) INC","3NVD.UK":"LS 3X NVIDIA","OKTA":"Okta Inc.","LU2468319806.SGD":"MANULIFE GF HEALTHCARE \"AA\" (SGDHDG) ACC","NVD3.UK":"LS 3X NVIDIA","IE00BFSS8Q28.SGD":"Janus Henderson Balanced A Inc SGD-H","LU1935043536.SGD":"MANULIFE GF GLOBAL MULTI-ASSET DIVERSIFIED INCOME \"AA\" (SGDHDG) INC A","NVDS.UK":"LS -1X NVIDIA","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1037948897.HKD":"AB LOW VOLATILITY EQUITY PORTFOLIO \"AD\" (HKD) INC","2NVD.UK":"2X NVIDIA ETP","NVDS":"Tradr 1.5X Short NVDA Daily ETF","NVDU":"Direxion Daily NVDA Bull 2X Shares","LU2322448791.USD":"ALLIANZ GLOBAL INTELLIGENT CITIES INCOME \"AMG\" (USD) INC","UNH":"联合健康","BK4141":"半导体产品","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","NVDX":"T-REX 2X LONG NVIDIA DAILY TARGET ETF"},"translate_title":"今日市场：联合健康悲剧和英伟达欧盟调查亮点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PSTG":1,"NVDA":1,"MRVL":1,"MGK":1,"OKTA":1,"HPE":1,"ET":1,"DLTR":1,"CRM":1,"UNH":1,"NVD":0.6,"NVD2.UK":0.6,"NVD3.UK":0.6,"NVDD":0.6,"NVDS":0.6,"NVDS.UK":0.6,"NVDU":0.6,"NVDX":0.6,"NVDY":0.6,"SNVD.UK":0.6,"3NVD.UK":0.6,"2NVD.UK":0.6},"content_text":"Market Overview The S&P 500 advanced 36 points to reach a new record high. The Nasdaq Composite increased by 1.3% to a fresh all-time high, while the Dow Jones Industrial Average closed above 45,000 for the first time. This strong performance was driven by impressive earnings results from Salesforce (CRM), which rose 11.0% to 367.87, and positive comments about its Agentforce AI system for enterprises, boosting enthusiasm in the AI sector.Sector Performance Mega-cap stocks and semiconductor-related shares led the market, benefiting from renewed AI optimism and positive momentum from the previous week. The Vanguard Mega Cap Growth ETF (MGK) increased by 1.6% today, accumulating a 3.1% gain for the week. The PHLX Semiconductor Index (SOX) rose by 1.7% for the session, achieving a 4.0% increase since last Friday.Company Highlights Marvell (MRVL) surged 23.2% to 118.15. Okta (OKTA) climbed 5.4% to 86.11. Pure Storage (PSTG) jumped 22.1% to 65.35. Dollar Tree Stores (DLTR) gained 1.9% to 73.83. These companies reported strong earnings and guidance, which were well-received by investors, providing additional support to the broader equity market.Interest Rates and Economic Data Market rates fell, contributing to the positive bias in stocks. The 10-year yield decreased by four basis points to 4.18%, and the 2-year yield dropped by five basis points to 4.12%. These movements followed weaker-than-expected economic data, such as the ADP Employment Change and the ISM Service PMI for November, reinforcing expectations of a Federal Reserve rate cut by 25 basis points at its December meeting.Sector Movements The S&P 500 information technology sector rose by 1.8%, leading among the 11 sectors. The energy sector experienced the largest decline, falling by 2.5% due to decreasing oil prices, which dropped to $68.60 per barrel, a decline of 2.0%.Federal Reserve and Economic Outlook The market received the Federal Reserve's November Beige Book and comments from Fed Chair Jerome Powell at the NYT DealBook Conference. Powell expressed confidence in the U.S. economy, highlighting strong performance, low unemployment, and inflation progress. He emphasized the Fed's cautious approach to monetary policy, balancing inflation control with labor market stability. The Beige Book reported a slight rise in economic activity across most Federal Reserve Districts.Market Indices Performance Nasdaq Composite: +31.5% S&P 500: +27.6% S&P Midcap 400: +20.7% Russell 2000: +19.7% Dow Jones Industrial Average: +19.4%Review of Economic Data Weekly MBA Mortgage Applications Index: 2.8% November ADP Employment Change: 146K (consensus 170K) November S&P Global US Services PMI - Final: 56.1 November ISM Non-Manufacturing Index: 52.1% (consensus 55.5%) October Factory Orders: 0.2% The key takeaway from the reports is that tariff concerns were frequently mentioned by respondents considering their outlooks. Factory orders showed improvement after declines in the previous two months.Today's NewsIn a tragic turn of events, UnitedHealthcare (UNH, Financial) CEO Brian Thompson was shot and killed outside a Manhattan hotel. The incident occurred on Wednesday morning just before he was scheduled to speak at the company's annual investor conference. The New York Police Department confirmed the shooting, stating that Thompson was attacked by a masked individual who fled the scene. This shocking event led to the cancellation of the company's investor day.Nvidia (NVDA, Financial) is under scrutiny by the European Commission, which is investigating the company's business practices regarding its GPU products. The inquiry is part of a potential probe into Nvidia's proposed $700 million acquisition of Run:ai. Despite the investigation, Nvidia's shares rose by over 3.5% during afternoon trading. The company plans to open-source Run:ai, expanding its availability beyond just Nvidia GPUs.SentinelOne (S, Financial) saw its shares drop by 10% despite raising its fiscal 2025 revenue guidance. The cybersecurity firm reported third-quarter results that aligned with expectations, but the market reacted negatively. SentinelOne achieved positive free cash flow for the first time on a trailing-twelve-month basis and increased its revenue growth outlook to 32% for the fiscal year 2025.Foot Locker (FL, Financial) and Nike (NKE, Financial) experienced fluctuations in their stock prices following Foot Locker's disappointing Q3 results. However, Foot Locker's CEO Mary Dillon reassured investors about the ongoing partnership with Nike, which is expected to boost growth in the fourth quarter. Dillon noted that consumer spending was cautious, affecting sales outside the back-to-school season.Juniper Networks (JNPR, Financial) shares edged higher by 2.2% on news that the Department of Justice's decision on its $14 billion sale to Hewlett Packard Enterprise (HPE) might be delayed. The delay could extend into the next administration, potentially affecting the deal's approval. HPE CEO Antonio Neri remains optimistic about closing the deal soon.Shift4 Payments (FOUR, Financial) saw a 12% drop in its stock price after Bank of America downgraded it to Neutral. The downgrade followed the announcement that CEO Jared Isaacman was nominated for NASA administrator, raising concerns about leadership stability. Isaacman intends to remain engaged with the company until his confirmation.Hershey (HSY, Financial) shares rose by 2% amid takeover speculation, despite initially losing ground. Traders cited a Betaville \"uncooked\" alert suggesting potential interest in acquiring Hershey. The company has a history of rejecting takeover offers, with the Hershey Trust maintaining control through voting rights.Williams (WMB, Financial) plans to file a significant lawsuit against Energy Transfer (ET), alleging that ET's actions have delayed the Louisiana Energy Gateway project. Williams CEO Alan Armstrong criticized ET for attempting to block competitors' projects by controlling pipeline crossings, a move he hopes to curb with legal action.AeroVironment (AVAV, Financial) announced a significant acquisition of BlueHalo in an all-stock transaction valued at approximately $4.1 billion. Despite the acquisition news, AVAV shares dropped by 7.56% as the company's Q2 earnings missed expectations. The acquisition aims to enhance AeroVironment's capabilities in the defense sector.Synopsys (SNPS, Financial) reported strong Q4 results with non-GAAP EPS beating estimates. However, the stock fell by 8.16% as investors focused on the company's future outlook and the pending acquisition of Ansys. Synopsys expects to maintain double-digit revenue growth in 2025.GuruFocus Stock AnalysisDecember 2024 Member Engagement Meeting Recap by James LiTech Soars to Record Highs, But Powell's Caution Keeps Investors on Edge by Khac Phu NguyenSentinelOne's AI Revolution: Record-Breaking Growth and Profitability Milestone by Khac Phu NguyenNvidia Faces EU Heat as It Powers Ahead with AI Game-Changing Moves by Khac Phu NguyenUnitedHealthcare CEO Assassinated in Brazen Midtown Manhattan Attack--Investors and Leaders Stunned by Khac Phu Nguyen","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2489129999"}