📈 NVDA Drops

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Good morning!

Markets tumbled yesterday on economic data, Nvidia stock sank after a record high, and Moderna soars on bird flu vaccine hopes

Grab your Cappuccino and let's get into it! ☕️👇️

Markets

📉 Markets Drop Sharply
Stocks took a sharp tumble Tuesday, giving up early gains as Treasury yields climbed following fresh economic data. The S&P 500 dropped 1.1%, the Nasdaq sank 1.9%, and the Dow slid 0.4%. The cause? A surprising surge in U.S. job openings signaled economic resilience, fueling speculation that the Fed might hold off on rate cuts.

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🔻 Nvidia stock falls sharply after hitting record high
Nvidia shares slid over 6% Tuesday, snapping a record high reached just a day earlier ahead of CEO Jensen Huang’s CES keynote. The presentation unveiled exciting updates on Nvidia’s role in AI and emerging tech, sparking early-session gains of 2.5% before a broader market slump reversed momentum. Despite the drop, Nvidia remains up nearly 190% year-over-year, with CES announcements seemingly fuelling more long-term optimism.

💉 Moderna Stock Soars After First US Bird-Flu Death
Moderna surged over 10% Tuesday, topping the S&P 500 after news of the first U.S. bird-flu death. The biotech firm is actively developing a vaccine for H5N1, boosting investor confidence. The CDC confirmed the death in Louisiana, noting the severity of avian influenza but calling it an expected risk given the virus’s nature.

🌎️ Markets feeling the most pinch from Trump tariff risks
Global markets are on edge as Donald Trump’s tariff threats loom, with less than two weeks until his presidency begins. Pledging duties of up to 60% on Chinese goods and steep surcharges on Canadian and Mexican imports, Trump’s plans could disrupt trade, raise costs, and invite retaliation from countries across the globe. The uncertainty leaves global markets bracing for turbulence.

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