Nasdaq falls 0.56% to 25,127 points: Intel plummets, Datadog soars 13%
Datadog surges, hospitality sector and e-commerce thriving
The biggest gain of the session goes to Datadog, which surged by 13.74% to $129.67. This remarkable performance stands in stark contrast to the overall downbeat mood of the index. Marriott International also shined, climbing 8.50% to $359.35, driven by renewed interest in the hotel sector. Shopify wasn't left behind with a gain of 7.47% to $127.24, reaffirming investor appetite for online commerce platforms. In the telecom and digital advertising sectors, Charter Communications advanced 4.17% to $248.19, while The Trade Desk rose 4.03% to $28.13. Semiconductors also showed strength: Onsemi gained 3.50% to $67.38, NXP Semiconductors went up 3.37% to $236.62, and Microchip Technology increased 3.29% to $76.86. Axon Enterprise progressed 3.04% to $446.97, and Lululemon Athletica closed up 2.81% at $180.62.
Intel falls sharply as pharma and chips face pressure
On the other end of the spectrum, Intel experienced the largest decline on the Nasdaq, plummeting 6.19% to $47.13. This drop negatively impacted the overall sentiment around semiconductors, despite mixed performances in the sector. Verisk fell 4.90% to $169.47, while MicroStrategy dropped 3.93% to $133. GlobalFoundries lost 3.74% to $41.90, and Intuit declined 3.68% to $421.39. The pharmaceutical sector also struggled: Regeneron Pharmaceuticals decreased by 3.25% to $754.91, Amgen by 2.97% to $364.65, and Gilead Sciences by 2.93% to $147.23. DexCom dropped 2.85% to $68.16, and Micron Technology closed down 2.67% to $373.25, illustrating investor caution toward certain tech stocks.
A mixed session reflecting market uncertainty
Tuesday's session highlights the current divergences within the US market. Despite a moderate drop of 0.56%, the Nasdaq shows highly varied performances across different sectors and stocks. The disparities between winners and losers reflect a selective market, where investors are examining each company's fundamentals rather than following an overarching trend. As a result, the Nasdaq closes at 25,127.64 points, amid a market atmosphere still uncertain at the beginning of the week.
This content has been automatically translated using artificial intelligence. While we strive for accuracy, some nuances may differ from the original French version.
