Amentum Holdings (Amentum), Humana, Nvidia Tesla Pfizer and More

What you need to know

• U.S. stocks were down in the early afternoon, the Dow Jones Industrial Average continuing its downward trend and the Nasdaq dropping from the record-breaking high it reached yesterday.
• Health insurance company shares slid after President-elect Trump pledged to get the "middle man" out of health insurance.
• Tesla received another upgrade and its shares have reached new highs.

The Dow Jones Industrial Average and Nasdaq both continued their losing streaks in the early afternoon. The S&P 500 also declined as the market awaits tomorrow’s Federal Reserve decision on interest rates. 

Amentum Holdings (AMTM) was the worst-performing stock in the S&P 500 when executives said in the company’s earnings call that they see fiscal 2025 growth being affected by an expected winding down of certain government programs.

Health insurers Humana and UnitedHealth Group fell after Donald Trump announced that he would cut the subsidies. “middle man” in health insurance.

Nvidia’s (NVDA), shares fell further a week after its stock, which was once booming, entered correction territory.

Pfizer shares (PFE) rose after the drugmaker provided 2025 guidance that was in line estimates. This is despite the fact it anticipates a hit of $1 billion from the changes to Medicare Part-D prescription drug program.

The shares of Tesla (TSLA), which are a part of Mizuho’s upgrade, have reached a new record high. Mizuho joined the other analysts who believe that the electric car (EV) manufacturer will be able to benefit from Trump’s policies.

SolarEdge Technologies shares (SEDG), which are owned by Goldman Sachs Inc., have risen on the back of a two-fold upgrade. Goldman Sachs believes that SolarEdge Technologies will be able to turn around its business in 2025.

Futures for oil and gold fell. The yield of the 10-year Treasury bill was also down. The U.S. currency gained against the euro and lost to the pound. Bitcoin fell short of its previous record, which was $108,000. However, it still remained higher.

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