News Summary
U.S. stocks were heading toward the end of 2023 with midday losses, although the Dow Jones, S&P 500, and Nasdaq indices are expected to show significant gains for the full year. Tesla shares fell after the new Tesla electric truck experienced its first accident. Boston Scientific stated that it believes U.S. regulators will approve its system for treating atrial fibrillation early next year.
Tesla Shares Decline After First Accident of Electric Truck
Tesla (TSLA) shares fell after the new Tesla electric truck experienced its first accident. When the new electric truck was delivered, investors and consumers had questions about how the truck’s design would hold up in traffic accidents.
Boston Scientific Shares Rise After Expecting Approval for Atrial Fibrillation System
Boston Scientific (BSX) shares rose after the medical/biotechnology company indicated it believes U.S. regulators will approve its Farapulse system for treating atrial fibrillation in the first quarter of 2024.
Warner Bros. Discovery Shares Decline After Acquiring BluTV Service
Warner Bros. Discovery (WBD) shares dropped when it acquired the streaming service BluTV based in Turkey. Deal details were not disclosed.
Nvidia Shares Decline Due to Launching Slower Gaming Chip in China
Nvidia (NVDA) shares fell after the chip manufacturer launched a slower gaming chip in China to comply with new U.S. restrictions on certain technologies exported to the country.
T-Mobile US Shares Rise After Warning of Fines on Third-Party Messaging Accounts
T-Mobile US (TMUS) shares rose after the telecommunications company warned that third-party messaging accounts could face fines of up to $2,000 for sending spam or social engineering messages or illegal content on its network.
UnitedHealth Group Shares Rise After Selling Its Operations in Brazil
UnitedHealth Group (UNH) shares rose after the health insurance company announced that it sold its operations in Brazil to a private investor.
Movements in Oil, Gold, and Major Currencies
Oil futures rose, while gold prices fell. The 10-year Treasury yield remained largely unchanged. The U.S. dollar rose against the euro but fell against the British pound and Japanese yen. Most major cryptocurrencies traded in the red.
Article Sources
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Article Source
The Verge. “First reported Tesla Cybertruck accident results in only ‘minor’ injury.”
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