Midday Movers: Boston Scientific Heart System, Tesla Cybertruck Accident, KEY TAKEAWAYS
U.S. Equities Heading Into 2023
U.S. equities were heading to the end of 2023 with losses at midday, although the Dow, S&P 500, and Nasdaq are set to show big gains for the full year.
Tesla shares dropped after the EV maker's new Cybertruck had its first accident.
Boston Scientific's Atrial Fibrillation System
Boston Scientific said it believes U.S. regulators will approve its system to treat atrial fibrillation early next year.
U.S. equities were lower at midday on this last trading day of 2023. The Dow, S&P 500, and Nasdaq were down, although all three are likely to end the year with solid gains.
Boston Scientific's Positive Outlook
Boston Scientific (BSX) shares gained as the biomedical/biotech firm indicated it believes U.S. regulators will approve its Farapulse system to treat atrial fibrillation in the first quarter of 2024.
Warner Bros. Discovery (WBD) shares dropped when the streaming service bought Turkey-based subscription video-on-demand service BluTV. Terms of the deal weren’t announced.
Tesla's Cybertruck Incident
Shares of Tesla (TSLA) declined after the EV maker’s new Cybertruck had its first accident.
When the Cybertruck was first delivered, investors and consumers had questions about how the design of the truck would fare in traffic accidents.
Nvidia's Response to U.S. Restrictions
Nvidia (NVDA) shares lost ground as the chipmaker offered a slower gaming chip in China to comply with new U.S. restrictions on some technology exported to that country.
Shares of T-Mobile US (TMUS) advanced as the telecom company warned third-party messaging accounts could be fined as much as $2,000 for sending spam, social engineering messages, or other illegal content on its network.
UnitedHealth Group's Operations Sale
UnitedHealth Group (UNH) shares rose after the health insurer said it sold its operations in Brazil to a private investor.
Oil futures were up, gold prices were down. The yield on the 10-year Treasury note was little changed. The U.S. dollar rose versus the euro but fell to the pound and yen. Most major cryptocurrencies traded in the red.