🍎 🍕 Less apples, more pizza 🤔 Have you seen Buffett’s portfolio recently?Explore for Free

Midday movers: Apple, Nvidia, Intel, Coinbase and Moderna fall

Published 2024-08-05, 07:14 a/m
© Reuters
INTC
-
AAPL
-
NVDA
-
TSLA
-
BRKa
-
MRNA
-
CRWD
-
BNTX
-
COIN
-
(Updated - August 5, 2024 11:33 AM EDT)

Investing.com -- U.S. stock futures fell sharply Monday on growing fears of an economic slowdown after the release last week of weak employment data.

Here are some of the biggest U.S. stock movers today:

  • Apple (NASDAQ:AAPL) stock fell 4% after Warren Buffett's Berkshire Hathaway (NYSE:BRKa) unloaded nearly half of its stake in the iPhone maker as part of a broader selloff of stocks.

  • Nvidia (NASDAQ:NVDA) stock fell 6% after reports of a delay in the launch of the chipmaker’s upcoming artificial-intelligence chips due to design flaws.

  • Intel (NASDAQ:INTC) stock fell 6%, continuing Friday’s selloff when the chipmaker reported a big miss on earnings in the June quarter and said it would lay off more than 15% of its employees.

  • Tesla (NASDAQ:TSLA) stock fell 3%, suffering with the rest of the tech sector despite sales of the car manufacturer's China-made electric vehicles rising 15.3% from a year earlier, data from the China Passenger Car Association showed on Friday.

  • Coinbase (NASDAQ:COIN) stock fell 6%, with the cryptocurrency exchange suffering from the selling in the sector, as bitcoin, the most popular digital currency, dropped more than 15%.

  • CrowdStrike (NASDAQ:CRWD) stock rose 1% after the cybersecurity firm rejected Delta Air Lines (NYSE:DAL)' claims that it was responsible for the massive outage that caused thousands of flight cancellations in July.

  • BioNTech (NASDAQ:BNTX) stock fell 4.6% after the drug maker’s second-quarter earnings fell short of estimates amid a continued slide in sales of its COVID-19 vaccine.

  • Moderna (NASDAQ:MRNA) (MRNA) stock fell 3.4% after analysts at RBC (TSX:RY) Capital Markets downgraded the biotech giant to “Sector Perform” from “Outperform”, citing mounting challenges in the RSV and COVID vaccine markets.


Additional reporting by Louis Juricic

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.