Stocks fell on Tuesday as the market\u2019s tech titans took a breather after a hot run. The S&P 500 fell 0.6%, the Nasdaq 100 lagged with a 0.7% decline, and the Russell 2000 outperformed, albeit with a 0.2% drop.<\/p>\n
The Magnificent 7 had their worst day in over a month, down 1.5%, with every constituent falling.<\/p>\n
Consumer discretionary and tech were the two worst-performing S&P sector ETFs, while energy fared the best.<\/p>\n
Bright spots on the day were Halliburton and Paramount Skydance, which rose 7.5% and about 6%, respectively. Generac and Vistra were among the biggest decliners, falling more than 10% and 6%, respectively. Elsewhere\u2026<\/p>\n
Nvidia fell 2.8% even as Wedbush Securities analysts called its recent $100 billion deal with OpenAI a \u201cwatershed moment<\/a>\u201d for the AI revolution. Separately, Bank of America analysts said the chip designer is poised to generate hundreds of billions<\/a> in free cash flow.<\/p>\n Shares of Opendoor sank more than 15% after its third-biggest shareholder, Access Industries, sold 11.36 million shares<\/a> of the online real estate company through its AI LiquidRE arm.<\/p>\n Firefly Aerospace also dove more than 15% after the Texas-based space launch startup missed Wall Street\u2019s estimates<\/a> for the company\u2019s first quarterly report since its August IPO.<\/p>\n Plug Power had a wild ride, up double digits in premarket trading before ending down 4.6%, snapping a nine-day winning streak<\/a> that was close to becoming the longest on record for the hydrogen fuel cell company.<\/p>\n Boeing ticked up another 2% after announcing on Monday that Uzbekistan Airways will order up to 22<\/a> of its 787 Dreamliner jets.<\/p>\n Satellite stocks like AST SpaceMobile, Planet Labs, and Rocket Lab climbed on elevated activity<\/a>, especially in the options market.<\/p>\n IonQ jumped more than 4% after the company announced<\/a> \u201ca significant technological advancement in its pursuit of scalable quantum networks.\u201d<\/p>\n Shares of Sinclair Inc. rose more than 3% after the self-proclaimed \u201clargest ABC affiliate group\u201d said it will continue to keep<\/a> \u201cJimmy Kimmel Live!\u201d off its ABC stations.<\/p>\n Palantir rose 1.8% after Bank of America analysts hiked their price target<\/a> on the stock to $215 \u2014\u00a0the highest among the published price targets tracked by FactSet.<\/p>\n