Dow Experiences Over 200-Point Fall as 10-Year Treasury Yield Hits 4%: Updates

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On Tuesday, the Dow Jones Industrial Average experienced a decline as bond yields edged higher, and investors examined the latest fourth-quarter earnings reports. The Dow dropped by 231.86 points, or 0.62%, closing at 37,361.12. The S&P 500 also slipped by 0.37% to conclude at 4,765.98, while the Nasdaq Composite saw a 0.19% drop to 14,944.35.

The markets were closed on Monday in observance of Martin Luther King Jr. Day. Boeing shares faced a significant decline of about 7.9% following Wells Fargo’s downgrade from overweight to equal weight, citing ongoing issues with its 737 Max 9 model. Conversely, AMD shares surged by 8.3% after receiving positive analyst commentary on semiconductor demand. The chipmaker, in pursuit of catching up with Nvidia in the artificial intelligence race, reached a new 52-week high and is scheduled to report quarterly results on January 30.

The yield on the benchmark 10-year Treasury note rose more than 11 basis points to 4.064% after Federal Reserve Governor Christopher Waller suggested in a speech that the central bank might implement a slower pace of monetary policy easing than initially anticipated by Wall Street.

Goldman Sachs (GS) Outperforms Q4 Earnings Expectations

Goldman Sachs (GS) surpassed expectations in Q4 earnings, with revenue also exceeding projections. Early Tuesday, GS experienced a slight rise in its stock.

Morgan Stanley (MS) Falls Short on Earnings, Marginally Beats Revenue

Morgan Stanley (MS) reported earnings below estimates but managed a slight beat on revenue. Despite this, MS stock saw a modest increase.

Tesla (TSLA) Faces Stock Decline Amid Elon Musk’s AI & Robotics Comments

Tesla (TSLA) had a challenging week, extending recent losses and breaching key support levels. Elon Musk hinted on Monday that he wouldn’t pursue “AI & robotics” at Tesla without a significant increase in TSLA shares. The stock showed a slight decline before the market opened.

Apple (AAPL) Offers iPhone Discounts in China Amid Concerns of Slowing Demand

Amid growing worries about slowing demand in China, Apple (AAPL) is providing discounts of up to 5% on iPhones. AAPL stock experienced a slight decrease early Tuesday.

Boeing (BA) Implements Quality Changes Following Alaska Airlines Incident

Boeing (BA) announced new quality measures following the midair incident involving Alaska Airlines (ALK) on January 5. The aerospace giant is also facing delays in delivering 737 Max jets to China, according to sources cited by The Wall Street Journal. BA stock, after a significant drop last week, saw a modest decline.

Stocks on the Radar: Nvidia, MercadoLibre, Novo Nordisk, and Microsoft

Nvidia and NVO stock are featured on IBD Leaderboard. MELI stock, along with Nvidia and Microsoft, is highlighted on SwingTrader. MSFT stock is part of IBD Long-Term Leaders. Nvidia stock, MercadoLibre, Novo Nordisk, and Microsoft are prominent on the IBD 50. Microsoft, Nvidia, and MercadoLibre stock are included in the IBD Big Cap 20.

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