Top Stock Movers Right Now: Tesla Nvidia Royal Caribbean and More

Takeaways

• U.S. stocks fell at midday due to a variety of factors including concerns about tech stocks, fears over the Fed meeting and renewed fighting in the Middle East.
• Tesla's shares slid when RBC analysts cut their price target and Chinese electric vehicle maker BYD unveiled an ultra-fast charger.
• President Trump's endorsement of "clean coal" lifted shares of Peabody Energy.

U.S. equities fell at midday due to concerns over tech stocks. The Federal Reserve also began its latest meeting where policymakers will discuss the future interest rates, as fears of an economic slowdown grow. The market was also affected by the renewed Israeli attacks on Gaza. The Nasdaq was down almost 2%, the S&P 500 dropped 1%, and the Dow Jones Industrial Average fell as well.

Tesla (TSLA), a carmaker that produces electric vehicles, saw its shares fall after RBC analysts lowered their price target. They cited weak deliveries in China, Europe and the US, while BYD, a Chinese electric vehicle maker, unveiled a new ultra-fast charger.

Shares of Royal Caribbean, United Airlines (UAL), other cruise operators and airline companies have fallen on fears that new Middle East tensions or economic concerns could impact travel demand.

Nvidia’s (NVDA) shares fell after comments made by CEO Jensen Huang during the chipmaker’s artificial intelligence (AI), conference.

Mosaic shares (MOS) rose after the chemical miner for fertilizer stated that macroeconomic trends create a favorable backdrop.

Shares of Peabody Energy BTU (BTU) rose after President Trump backed U.S. “clean coal” production.

Morgan Stanley’s upgrade of Lucid Group (LCID), which explained that the struggling EV manufacturer’s AI strategy can drive results, boosted Lucid Group shares.

Oil futures prices and the yield on 10-year Treasury bills remained stable. Gold prices have reached a new record high. The U.S. currency rose against the Japanese yen but remained unchanged against the Euro and Pound. Most major cryptocurrencies were trading in negative territory.