00:00 Speaker A
We saw last week with the Nasdaq and the S&P 500. We have the DOW of around 420 points to end the session. Nasdaq Up, UH, about 9/10 of one percent and then the S&P 500 discount on approximately 8/10 of one percent. But all three indexes that close their session here. If we now take a look at a sector action, you will see a lot of red on your screen. Nuts companies, the only sector that closes in the green there. But we have consumer discretionary as the biggest lagging of the session. Why? Well, that was dragged down by shares of Tesla and Tesla, one of the greatest underperformers of the session today. If we take a look under the hood at the Nasdaq 100, you will see that shares are finished about 6%, uh, really 7% if you complete it. And year-to-date we are almost 30%decrease. This is now as CEO Elon Musk, he is in a little hot water when it comes to various political efforts. Earlier today he said that he was serious about starting a third political party and even the biggest bulls on Wall Street said that this is not what investors want to hear, especially because Tesla has had it on some fronts, especially when it comes to the EV cases. We just have the death of one big great account that will eliminate the EV -tax loans and here will be a resistance to Tesla's Bottom Line. But I also want to call Palantir. I mean, despite this sea of red that we have seen here today, it has risen more than 80%. It was actually the best performing shares in the S&P 500 for the first six months of the year and even today we saw shares end around, UH, 3.5%. So Palantir, once considered a meme share, but now a game in the portfolios of investors there, Josh.
3:22 AM Speaker B
Okay. Thank you, Ali.
