00:00 Speaker A
that we saw last week with the NASDAQ and the S&P 500. We have the Dow off around 420 points to end the session. NASDAQ up, uh, off around 9/10 of a percent and then the S&P 500 off about 8/10 of a percent. But all three indexes closing off of their session lows here. Now, if we take a look at some sector action, you’re going to see a lot of red on your screen. Utilities, the only sector to close in the green there. But we do have consumer discretionary as the biggest laggard of the session. Why? Well, that was dragged down by shares of Tesla and Tesla, one of the biggest underperformers of the session today. If we take a look under the hood at the NASDAQ 100, you’re going to see that shares finished off around 6%, uh, really 7% if you round up. And year-to-date, we are down nearly 30%. Now, this comes as CEO Elon Musk, he’s found himself in a bit of hot water when it comes to various political endeavors. Earlier today, he said he was dead 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 since Tesla has been struggling on some fronts, especially when it comes to its EV business. We just had the passing of the one big beautiful bill that will eliminate the EV tax credits and would be a drag on Tesla’s bottom line here. But I also want to call out Palantir. I mean, despite this sea of red that we’ve been seeing here today, it is up over 80%. It was actually the best performing stock in the S&P 500 for the first six months of the year and then even today, we saw shares finish up around, uh, 3.5%. So Palantir, once considered a meme stock, but now very much a play in investors’ portfolios there, Josh.
03:22 Speaker B
All right. Thank you, Ali.
