The CNN Money Fear and Greed index showed an increase in the overall fear level, while the index remained in the &#8220;Fear&#8221; zone on Tuesday.



U.S. stocks settled lower on Tuesday, with the S&amp;P 500 falling more than 1% during the session amid a decline in major tech stocks.



NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares dipped 6.2% on Tuesday after hitting a record high level. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares fell over 4% after BofA Securities downgraded the stock from Buy to Neutral, while Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) lost nearly 2% during the session.



On the economic data front, the U.S. trade deficit increased to $78.2 billion in November versus a revised $73.6 billion gap in the previous month and is in line with market estimates. Imports increased 3.4% to $351.6 billion, while exports rose 2.7% to $273.4 billion.



Most sectors on the S&amp;P 500 closed on a negative note, with consumer discretionary, communication services, and information technology stocks recording the biggest losses on Tuesday. However, energy and health care stocks bucked the overall market trend, closing the session higher.



The Dow Jones closed lower by around 178 points to 42,528.36 on Tuesday. The S&amp;P 500 fell 1.11% to 5,909.03, while the Nasdaq Composite dipped 1.89% at 19,489.68 during Tuesday's session.



Investors are awaiting earnings results from UniFirst Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNF#NYSE">UNF</a>), Acuity Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYI#NYSE">AYI</a>) and PriceSmart, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) today.



At a current reading of 35.7, the index remained in the &#8220;Fear&#8221; zone on Tuesday, versus a prior reading of 37.8.



What is CNN Business Fear &amp; Greed Index?



The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.



Read Next: 



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<li><a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/42846607/bank-of-new-york-mellon-earnings-are-imminent-these-most-accurate-analysts-revise-forecasts-ahead-of-earnings-call">Bank of New York Mellon Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call</a></li>
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S&P 500 Down Over 1% As Nvidia, Tesla Tumble: Greed Index Remains In 'Fear' Zone

Leading cryptocurrencies nosedived, on Tuesday, as the latest economic data poured cold water on interest rate-cut expectations.



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 8:15 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>-4.76%</td><td>$97,056.00</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-7.59%</td><td>$3,402.50</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>-9.40%</td><td>$0.3507</td></tr></tbody></table></figure>



What Happened: Bitcoin fell to $96,200 late afternoon before dip-buying propelled the leading cryptocurrency up a few notches. This comes a day after it hit $100,000 after a gap of more than two weeks.



Ethereum's decline was steeper as the second-largest cryptocurrency lost nearly 8% of its value in 24 hours, plunging to $3,880.



Cryptocurrency liquidations hit $559 million in the last 24 hours, the highest since Dec. 20. More than $500 million in long liquidations was witnessed.



Top traders on Binance seemed to be buying the dip, as over 63% of them were long on Bitcoin, compared to 36% shorting the cryptocurrency.&nbsp;



About $555 million in short positions risked liquidation if Bitcoin rebounds to $100,000.&nbsp;



The slump cooled the sentiment from "Extreme Greed" to "Greed," according to the Crypto Fear &amp; Greed Index.



Top Losers (24-Hours)



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Losses </td><td>Price (Recorded at 8:15 p.m. ET)</td></tr><tr><td>dYdX (DYDX)</td><td>12.33%</td><td>$1.43</td></tr><tr><td>Pudgy Penguins (PENGU)</td><td>11.88%</td><td>$0.03761</td></tr><tr><td>Lido DAO (LDO)</td><td>11.85%</td><td>$1.78</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization slumped 5.29% to $3.39 trillion in the last 24 hours.



Stocks faced heavy sell-offs on Tuesday. The Dow Jones Industrial Average lost 178.20 points, or 0.42%, to close at 42,528.36. The tech-heavy Nasdaq Composite slipped 1.89%, ending at 19,489.68, while the S&amp;P 500 fell 1.11% to 5,909.03.



The decline followed a report revealing <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42850914/us-services-sector-growth-tops-forecasts-but-price-pressures-tariff-concerns-cloud-outlook">stronger-than-expected U.S. services sector growth</a>, but a steep increase in the Prices Index stoked fears about inflationary pressures.



According to the CME FedWatch tool, traders priced in a 95% chance that the current interest rate range of 4.25%-4.50% would remain unchanged, up from 91% the day before.



While the equities sold off, yields on risk-free debt rose. The benchmark Treasury yield hit 4.69, its highest since late April.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Popular cryptocurrency analyst Michaël van de Poppe weighed in on Bitcoin's latest correction.



"Couldn&#8217;t hold above $98-100,000 and we&#8217;re dropping down. Likely this is going to give a period of consolidation," the analyst predicted.



However, he added that once the correction ends, the entire market will rally, with altcoins witnessing the "strongest bounces."



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The chop on <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> continues. Couldn&#39;t hold above $98-100K and we&#39;re dropping down. Likely this is going to give a period of consolidation. Correction over? Bounce on the entire markets, strongest <a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> have the strongest bounces.&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1876702282533757386?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Ali Martinez, a widely followed cryptocurrency expert,&nbsp; highlighted the significance of $97,000 as support for Bitcoin.



"If this support holds, BTC may rebound. A break below $97,000, however, could open the door for a dip to $92,000," Martinez projected.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential indicator flashes a buy signal on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> hourly chart, right above the setup trend line and the 200-hour MA, near $97,000. If this support holds, <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> may rebound. A break below $97,000, however, could open the door for a dip to $92,000. <a href="https://t.co/jevgNgKyEf">pic.twitter.com/jevgNgKyEf</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1876684037416186305?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Photo by CMP_NZ on Shutterstock



Read Next:    



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42815711/bitcoin-is-the-the-grand-daddy-and-outshines-wall-street-anthony-pompliano-says">Bitcoin Is The &#8216;The Grand Daddy&#8217; And Outshines Wall Street, Anthony Pompliano Says</a></li>
</ul>

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$DOGE

$ETH

Bitcoin, Ethereum, Dogecoin Join Equities In Sell-Offs As Economic Data Pours Cold Water On Rate Cut Hopes: $97K Holds Significance For BTC — Here's Why

Tencent Holdings Ltd. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/TCEHY#OTC">TCEHY</a>) and Contemporary Amperex Technology Co. Limited, two of China&#8217;s leading technology companies, are preparing legal challenges after being added to the U.S. Department of Defense&#8217;s list of Chinese Military Companies on Wednesday.



What Happened: The designation, which primarily affects U.S. defense procurement, triggered significant market reactions. Tencent&#8217;s shares fell 7.8% in Hong Kong trading on Tuesday, while CATL&#8217;s stock dropped 6% in Shenzhen. Both companies strongly denied any military connections and announced plans to engage with U.S. authorities.



Tencent, a major gaming and social media conglomerate, stated in a regulatory filing that it is &#8220;neither a Chinese military company nor a military-civil fusion contributor.&#8221; The company, led by Chairman Ma Huateng, emphasized that the listing wouldn&#8217;t affect its broader business operations or securities trading.



Tencent owns Riot Games, and Supercell, and has stakes in Reddit, Snap, and Epic Games.



CATL, a key supplier to Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), similarly rejected the designation, stating it has &#8220;never engaged in any military-related business or activities.&#8221; The company assured shareholders that the listing would not substantially impact its operations.



Both Tencent and CATL have initiated reconsideration processes and indicated their willingness to pursue legal action if necessary.



See Also: <a href="https://www.benzinga.com/25/01/42860759/10-best-stock-traders-in-congress-in-2024-where-do-nancy-pelosi-pete-sessions-susan-collins-marjorie-taylor-greene-rank">Top 10 Stock Traders In Congress For 2024: How Nancy Pelosi, Pete Sessions, Susan Collins, Marjorie Taylor Greene Rank</a>



Why It Matters: This development comes amid escalating <a href="https://www.benzinga.com/government/24/05/39057312/chinese-firms-blacklisted-in-us-rebrand-themselves-as-american-to-avoid-sanctions-imposed-by-biden-a">U.S.-China trade tensions</a>. China&#8217;s Ministry of Commerce recently imposed new trade controls, adding 28 U.S. companies to an export control list and restricting major defense contractors like Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) from operating in China.



Despite these challenges, Tencent continues to show <a href="https://www.benzinga.com/analyst-ratings/price-target/25/01/42827152/tencent-strengthens-video-leadership-showcases-revenue-growth-potential-analyst">strong business fundamentals</a>. Goldman Sachs recently maintained a Buy rating on the company, citing its leadership in video entertainment and artificial intelligence development. The company&#8217;s WeChat ecosystem remains robust, with users accessing the app 40-50 times daily.



The Pentagon&#8217;s designation specifically relates to <a href="https://www.benzinga.com/news/global/25/01/42838053/us-adds-tencent-tesla-supplier-catl-to-chinese-military-blacklist-shares-tumble">Section 1260H list compliance</a>, which serves as a warning mechanism for U.S. entities but does not prohibit general business dealings or securities transactions with listed companies. 



Price Action: Tencent&#8217;s stock is trading at HK$ 373.60 ($48.04) on Wednesday, down 1.58% for the day. Over the past year, the stock has gained 29.51%. 



CATL&#8217;s stock is currently trading at CNY 246.28 ($33.59) on Wednesday, down 1.27% for the day. Over the past year, the stock has surged 64.09%.



Read Next: 



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<li><a href="https://www.benzinga.com/news/events/25/01/42860583/trump-floats-canada-as-51st-us-state-says-hes-ready-to-use-economic-force-to-achieve-it">Trump Floats Canada As 51st US State, Says He&#8217;s Ready To Use &#8216;Economic Force&#8217; To Achieve It</a></li>
</ul>



Image Via Shutterstock 



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Tesla Supplier CATL, Riot Games Owner Tencent Plan Legal Action Over Pentagon Blacklist, Deny Military Ties

On Tuesday, Cathie Wood-led Ark Invest made some significant adjustments to its portfolio. The most notable of these was the sale of shares in Palantir Technologies Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) across multiple ETFs, coupled with a substantial sale of ARK 21Shares Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>).



The Palantir Trade



Ark Invest&#8217;s decision to offload Palantir shares may come as a surprise to many, given the company&#8217;s impressive 355% surge over the past 12 months. The investment firm continued to dump shares of the hot stock. On Tuesday, it offloaded 4,890 shares valued at $342,251 through ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>) and Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>). Palantir stock ended the day sharply lower by 7.8% at $69.99. Tuesday&#8217;s sale follows Ark&#8217;s <a href="https://www.benzinga.com/trading-ideas/technicals/25/01/42843542/palantir-stock-the-ark-is-rocking-as-palantirs-rally-hits-resistance">disposal of shares</a> worth roughly $15 million on Monday. Despite the sale, Wood remains a long-time supporter of tech disruptors. However, this move underscores growing concerns about Palantir's valuation, especially following Morgan Stanley&#8217;s <a href="https://www.benzinga.com/markets/equities/25/01/42835613/jim-cramer-predicts-palantir-buying-surge-tonight-after-morgan-stanleys-underweight-rating-unless-another-analyst-starts-with-a-sell">recent downgrade</a> to "underweight," setting a $60 price target on the stock.



The ARK 21Shares Bitcoin ETF Trade



On the same day, Ark Invest also made a significant sale of its Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) ETF. The firm sold 18,239 ARK 21Shares Bitcoin ETF units from ARKW. On Tuesday ARKB ended the day 5.8% lower at $96.19. Bitcoin was seen trading 5.2% lower at $96,728.42 at the time of writing. Significantly lower than the psychologically important $100K mark.



This trade comes amidst a favorable environment for crypto gains. Former BitMEX CEO Arthur Hayes predicted Bitcoin&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42854789/bitcoin-could-peak-by-late-march-arthur-hayes-says-heres-why">price could peak</a> in late March 2025 due to increased dollar liquidity. He highlighted liquidity injections from the Fed&#8217;s Reverse Repo Facility and Treasury&#8217;s General Account, cautioning the positive trend may reverse with debt ceiling pressures.



Other Key Trades:



<ul>
<li>Ark Purchased shares of Gitlab. and Illumina.</li>



<li>The firm loaded up on shares of Pacific Biosciences of California </li>



<li>Ark sold shares of Archer Aviation, Cloudflare and Adaptive Biotechnologies.</li>
</ul>



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<li><a href="https://www.benzinga.com/trading-ideas/movers/25/01/42857121/southwest-airlines-cashes-in-on-sale-and-leaseback-of-36-aircraft-details">Southwest Airlines Cashes In On Sale And Leaseback Of 36 Aircraft: Details</a></li>
</ul>



This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

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Cathie Wood's Tuesday Double Dump: Ark Invest Trims Both Palantir And Bitcoin ETF Holdings

President-elect Donald Trump suggested Tuesday that Canada could become the 51st U.S. state as he criticized trade imbalances and subsidies, signaling a potential escalation in economic and political tensions <a href="https://www.benzinga.com/topic/canada">with America's northern neighbor.</a>



Speaking during a press conference at Mar-a-Lago, Trump leveled sharp criticism at Canada, accusing the country of exploiting U.S. generosity on trade and defense.



"We're spending hundreds of billions a year to protect Canada," Trump said, while also alleging the U.S. loses over $200 billion annually in trade deficits with the nation.



"Why should we have a $200 billion deficit and subsidize their defense?" Trump asked. &#8220;They should be a state.&#8221;



In 2022, the U.S. trade deficit with Canada for goods and services was $53.5 billion, according to the U.S. Trade Representative&#8217;s office. 



Trump mentioned a conversation with <a href="https://www.benzinga.com/25/01/42823979/canadas-pm-justin-trudeau-steps-down-amid-internal-conflict-and-tension-over-trump-tariffs">outgoing Canadian Prime Minister Justin Trudeau</a>, who, according to Trump, said that Canada would "dissolve" without the U.S.'s economic and security assistance.



 "Canada wouldn't be able to function if we didn't take that 20% of our car market," Trump said, referring to the high volume of Canadian-made cars exported to the U.S.



When asked whether he would consider military force to annex and acquire Canada, Trump replied, &#8220;Economic force.&#8221;



<h3 class="wp-block-heading">Tariffs And Trade Deficits</h3>



Trump's remarks also hinted at the possibility of tariffs on Canadian goods if no resolution is reached.



"We don't need their cars, and we don't need their lumber," Trump said, arguing that U.S. industries could easily replace Canadian imports.



While Trump's mention of Canada becoming a U.S. state may have sounded speculative, his broader message will certainly grab the attention of the market. 



"It's a tremendous amount of money, and why should we give it to them as a separate country? That's okay to have if you're a state," Trump said



Trump also framed the idea of erasing the "artificially drawn line" between the two countries as a move that would benefit both sides economically and in terms of national security. 



The iShares MSCI Canada ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) dropped 0.4% following Trump's comments, reflecting investor concerns about the potential impact of trade barriers. The Invesco CurrencyShares Canadian Dollar Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXC#NYSE">FXC</a>) was 0.1% lower by 3 p.m. ET.



<h3 class="wp-block-heading">Mexico And The &#8216;Gulf Of America&#8217;</h3>



Mexico faces a similar threat from the incoming White House administration. Trump described the country as being "run by cartels" and criticized the ongoing flow of drugs and migrants across the southern border.



He raised the idea of "substantial tariffs" on Mexican imports as a way to offset the economic costs of illegal immigration and crime.



Energy policy took center stage as Trump vowed to overturn President Joe Biden's ban <a href="https://www.benzinga.com/25/01/42821300/biden-set-to-ban-future-offshore-oil-drilling-4-stocks-to-watch">on offshore drilling</a> on over 625 million acres of the ocean, calling it "a crime" against America's economic potential.



Trump promised to revoke the ban on his first day in office.



Trump also announced plans to rename the Gulf of Mexico to the "Gulf of America," a symbolic move underscoring his energy-first strategy. 



"We have oil and gas reserves that no one else has," he said, estimating that offshore drilling could add $50 trillion in value to the U.S. economy.



Mexican stocks performed positively on Tuesday, with the iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) up 1.4%, following a 1.6% surge a day earlier.



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Photo via Shutterstock.

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Trump Floats Canada As 51st US State, Says He's Ready To Use 'Economic Force' To Achieve It

The trading activity of Congress members is drawing increasing attention from retail traders and political analysts, with platforms like Benzinga's Government Trades page providing <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent010725">detailed analysis of their trades.</a>



A new report shows that several members of Congress beat the overall market by a significant margin in 2024.



What Happened: The overall stock market soared in 2024 with major stock indexes like the S&amp;P 500, which is tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), making multiple new all-time highs throughout the year.



A new <a href="https://unusualwhales.com/congress-trading-report-2024">report </a>from Unusual Whales shows that the majority of members of Congress who held five or more stocks in 2024 saw their portfolios post a higher gain than the S&amp;P 500 for the year.



The average gains were 31.1% for Democrats and 26.1% for Republicans, versus a gain of 24.9% for the SPY, based on the Dec. 29, 2024 to Dec. 30, 2024 time period.



Check This Out:



<ul>
<li>Lawmakers Made Huge Investments This Year. <a href="https://www.benzinga.com/gov-trades">Get Tips </a><a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent010725">On </a><a href="https://www.benzinga.com/gov-trades">What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>



Top 10 Stock Traders in Congress: Unusual Whales compiled the returns of the members of Congress. The returns are based on the gains from the start of 2024 to the end and do not take the holding time into account.



Here's a look at the top 10 for 2024:



<ol>
<li>David Rouzer (R-N.C.), Representative, +149.0%</li>



<li>Debbie Schultz (D-Fla.), Representative, +142.3%</li>



<li>Ron Wyden (D-Ore.), Senator, +123.8%</li>



<li>Roger Williams (R-Texas), Representative, +111.2%</li>



<li>Morgan McGarvey (D-Ky.), Representative, +105.8%</li>



<li>Larry Bucshon (R-Ind.), Representative, +98.6%</li>



<li>Pete Sessions (R-Texas), Representative, +77.5%</li>



<li>Susan Collins (R-Maine), Senator, +77.5%</li>



<li>David Kustoff (R-Tenn.), Representative, +71.5%</li>



<li>Nancy Pelosi (D-Calif.), Representative, +70.9%</li>
</ol>



This year's list includes two Senators and eight Representatives. The list also includes four Democrats and six Republicans.



Several of these figures have appeared on past lists. Rouzer was ranked fourth in the 2023 report and seventh in the 2021 report. Schultz ranked second in the 2022 report. Wyden ranked sixth in the 2023 report. Sessions ranked 10th in the 2023 report. Pelosi was ranked ninth in the 2023 report and ranked sixth in the 2021 report.



Ranking outside the top 10 are several notable names, including Dan Crenshaw, 13th at +61.3%, Mitch McConnell, 21st at +42.4%, and Marjorie Taylor Greene, 23rd at +30.2%.



Greene, who took a small break from trading, has been actively buying stocks in the second half of 2024, including many technology names.



For more on Congress trading history on an annual basis, see Benzinga's coverage of the Unusual Whales reports from <a href="https://www.benzinga.com/general/politics/24/01/36459015/10-best-stock-traders-in-congress-in-2023-spoiler-nancy-pelosi-is-back-on-the-list">2023</a>, <a href="https://www.benzinga.com/government/23/01/30260466/10-best-stock-traders-in-congress-in-2022-spoiler-nancy-pelosi-isnt-no-1">2022 </a>and <a href="https://www.benzinga.com/news/22/02/25337519/10-best-stock-traders-in-congress-in-2021-spoiler-nancy-pelosi-isnt-no-1" target="_blank" rel="noreferrer noopener">2021</a>.



Unusual Whales notes that Rouzer mainly holds ETFs and is not an active trader. His ownership of NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and other stocks helped boost his 2024 return.



While most the names included own at least five stocks, Bucshon is an exception with his only active stock held being Trump Media &amp; Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>). Unusual Whales said the representative bought the stock in 2021 and hit break even in 2024.



The report also makes special mention of Pelosi, calling her "the greatest options trader of all time." Pelosi's transactions have <a href="https://www.benzinga.com/markets/options/24/10/41459593/nvidia-stock-hits-all-time-highs-heres-how-much-nancy-pelosis-500-call-options-are-worth-today">gained a wide following</a> with the transactions coming from her husband Paul Pelosi and later disclosed by the former Speaker of the House.



Some top options for Pelosi include Palo Alto Networks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Nvidia, which were up 93%, 97% and 273% respectively in 2024.



Pelosi's trades are often in-the-money options years from expiration that can later be exercised into stock positions.



McGarvey had one of the more <a href="https://www.benzinga.com/markets/equities/24/12/42447434/democratic-congressman-bought-djt-stock-after-2024-election-months-after-saying-donald-trump-unfit-to-serve">unusual trades in 2024</a> with a disclosure saying the Democrat bought shares of Trump Media &amp; Technology Group shortly after Donald Trump won the 2024 presidential election. The Representative later disclosed that the stock was sold for a loss, and the purchase was made without McGarvey's knowledge.



Bucshon appeared on the 2024 list, but could be left off in the future, as he did not seek re-election in the 2024 election and is now out of Congress.



What's Next: Several members of Congress have pushed for a ban on Congressional trading, including Representative Ro Khanna (D-Calif.).



Khanna told <a href="https://www.benzinga.com/general/politics/24/05/39096827/exclusive-khanna-says-shameful-congress-members-profited-from-stocks-calls-for-trading-ban-makin">Benzinga last year </a>that he will continue advocating for a congressional vote to ban the practice.



Khanna said that despite his continued speeches in the House advocating for a ban on stock trading, there is a "collective shrug" in Congress regarding the issue.



&#8220;It is shameful that over three years after the pandemic with the shenanigans from those senators who sold their stock after learning of the pandemic&#8221; there still hasn&#8217;t been a vote, Khanna said.



Khanna said that people were outraged at the time when several senators sold their stocks in tourism and other sectors that would be hurt, knowing that the economy could crash from the COVID-19 pandemic.



&#8220;Senators making money when the rest of the country was suffering during the pandemic.&#8221;



Without a bill to vote on, members of Congress are currently allowed to buy and sell stocks, options and <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42778468/congressman-buys-more-ski-mask-dog-coin-will-meme-coin-hit-new-all-time-highs-on-latest-disclosure">even meme cryptocurrencies</a> as long as they properly disclose the transaction within 45 days.



Investors can get exposure to the disclosed trading activity of members of Congress with the Series Portfolios Trust Unusual Whales Subversive Democratic Trading ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/NANC#BATS">NANC</a>) and the Series Portfolios Trust Unusual Whales Subversive Republican Trading ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/KRUZ#BATS">KRUZ</a>).



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/24/12/42747345/marjorie-taylor-green-went-christmas-shopping-for-stocks-heres-what-she-bought-before-holiday">Marjorie Taylor Greene Went Christmas Shopping For Stocks, Here&#8217;s What She Bought Before Holiday</a></li>
</ul>



Photo: Shutterstock

AVGO

KRUZ

NANC

PANW

Top 10 Stock Traders In Congress For 2024: How Nancy Pelosi, Pete Sessions, Susan Collins, Marjorie Taylor Greene Rank

Cryptocurrency markets are sliding on Tuesday as <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42850914/us-services-sector-growth-tops-forecasts-but-price-pressures-tariff-concerns-cloud-outlook">producer price pressures</a> weigh on the market.



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>&nbsp;$97,073.3</td><td>-4.7%</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>)</td><td>&nbsp;$3,431.99</td><td>-6.9%</td></tr><tr><td>Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>)</td><td>&nbsp;$205.16</td><td>-6.4%</td></tr><tr><td>XRP (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>)</td><td>&nbsp;$2.30</td><td>-5.5%</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)</td><td>&nbsp;$0.3562</td><td>-8.7%</td></tr><tr><td>Shiba Inu (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/shib/usd">SHIB</a>)</td><td>&nbsp;$0.00002217&nbsp;&nbsp;</td><td>-8.4%</td></tr></tbody></table></figure>



Notable Statistics:



<ul>
<li>IntoTheBlock data shows large transaction volume increasing by 68.6% and daily active addresses falling by 0.01%. Transactions greater than $100,000 are up from 7,116 11,574 to in a single day. Exchanges netflows are up by 231.8%.</li>



<li>Coinglass data reports 136,773 traders were liquidated in the past 24 hours for $409.57 million. Long liquidations at $344.6 million were the highest since Dec. 20.</li>
</ul>



Notable Developments:



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42840886/bitcoin-spot-etf-inflows-hit-987-million-but-watch-this-mid-january-fiscal-deadline">Bitcoin Spot ETF Inflows Hit $987 Million But Watch This Mid-January Fiscal Deadline</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42856923/cftc-chairman-rostin-behnam-to-step-down-in-february">CFTC Chairman Rostin Behnam To Step Down In February</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42846550/ripple-announces-chainlink-integration-to-boost-rlusd-stablecoin">Ripple Announces Chainlink Integration To Boost RLUSD Stablecoin</a></li>



<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42827897/cpai-launches-token-for-ai-powered-crypto-tax-reconciliation-platform">CPAI Launches Token For AI-Powered Crypto Tax Reconciliation Platform</a></li>



<li><a href="https://www.benzinga.com/25/01/42851198/riots-cryptomining-success-spurs-investor-interest-with-defiances-new-etf">Riot&#8217;s Crypto Mining Success Spurs Investor Interest With Defiance&#8217;s New ETF</a></li>
</ul>



Top Losers:



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Price&nbsp;&nbsp;&nbsp;</td><td>Gains +/-</td></tr><tr><td>SPX6900 (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">SPX</a>)</td><td>$1.35</td><td>-15%</td></tr><tr><td>Pudgy Penguins (CRYPTO: PENGU)</td><td>$0.03816</td><td>-13.7%</td></tr><tr><td>Core (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">CORE</a>)</td><td>$1.12</td><td>-13.2%</td></tr></tbody></table></figure>



Trader Notes: As Bitcoin drops below the $100,000 mark, crypto trader Michael van de Poppe notes that the ongoing BTC chop could signal a consolidation phase. 



He <a href="https://x.com/CryptoMichNL/status/1876702282533757386">concluded</a>, &#8220;Correction over? Expect a market-wide bounce, with the strongest altcoins bouncing back the most.&#8221;



Crypto chart analyst Ali Martinez pointed out that the TD Sequential indicator is flashing a buy signal on the BTC hourly chart. 



If the $97,000 support holds, Bitcoin is likely to rebound. 



However, if it falls below this level, it could drop further to $92,000.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The TD Sequential indicator flashes a buy signal on the <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> hourly chart, right above the setup trend line and the 200-hour MA, near $97,000. If this support holds, <a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> may rebound. A break below $97,000, however, could open the door for a dip to $92,000. <a href="https://t.co/jevgNgKyEf">pic.twitter.com/jevgNgKyEf</a>&mdash; Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1876684037416186305?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



More Crypto Online suggests that traders should focus on potential support breaks, treating levels as key decision points rather than making predictions. 



A dip to $85,000 may be expected if support is lost, but aggressive trades <a href="https://x.com/Morecryptoonl/status/1876689806920446201">should</a> be avoided until a reversal signal confirms support.



Castillo Trading advises that with Inauguration Day just two weeks away, patience is crucial. 



He <a href="https://x.com/CastilloTrading/status/1876685085568860618">recommends</a> holding off on trades until a potential retest of the $93,527 level. 



Although higher levels are the target, the recent selloff suggests a possible chop and gradual fade following the $100,000 rejection.



Read Next:&nbsp;



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42850002/bitcoin-dumps-below-99000-what-does-technical-analysis-say">Bitcoin Dumps Below $99,000: What Does Technical Analysis Say?</a></li>
</ul>



Image: Shutterstock

$CORE

$SHIB

$SOL

$USDC

$XRP

Bitcoin Dumps To $97,000, Ethereum, XRP, Dogecoin Follow It Down: Analyst Says This Level Has To Hold To Avoid 'Dip To $92,000'

NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) analysts are highlighting the company's upcoming product line and growth in segments like robotics and artificial intelligence after CEO Jensen Huang's keynote at the <a href="https://www.benzinga.com/tech/24/10/41234323/jensen-huang-to-keynote-ces-2025-as-true-visionary-in-the-tech-industry-how-much-did-nvidia-stock-ri">2025 CES conference.</a>



The NVDA Analysts: 



<ul>
<li>Benchmark analyst Cody Acree reiterated a Buy rating on Nvidia with a $190 price target.</li>



<li>Bank of America analyst Vivek Arya maintained a Buy rating with a $190 price target.</li>
</ul>



Read Also:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42822846/nvidia-5000-series-product-updates-make-it-top-semiconductor-pick-ahead-of-jensen-huangs-ces-keynote-analyst"> Nvidia 5000 Series, Product Updates Make It Top Semiconductor Pick Ahead Of Jensen Huang&#8217;s CES Keynote: Analyst</a>



Benchmark on NVDA: Nvidia had a "solid, but somewhat muted CES keynote," Acree said in a new investor note.



Acree described Huang&#8217;s keynote as a "master-class on the current state and direction of the AI industry." However, the announcements might have leaned too heavily on technical details, offering limited clarity for shareholders seeking a near-term outlook on the ramp of Blackwell and its next-generation GPU platform.



"We believe many investors were hoping for more concrete progress updates," Acree said.



The analyst highlighted the unveiling of the Nvidia 5000 series, focusing on AI agents and the Cosmos platform announcement for autonomous vehicles and robots.



Several automotive companies working with Nvidia were named during the keynote.



"With platforms spanning training in the cloud to simulation to compute in the car, NVIDIA's automotive vertical business is expected to grow to approximately $5 billion in fiscal year 2026."



Are you buying when the CEOs of the Magnificent 7 are selling?



<ul>
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
</ul>



Bank of America on NVDA: Huang's CES keynote showed Nvidia's AI dominance in the cloud, enterprise and consumer segments, Arya said in a new investor note.



Arya said highlights in the keynote were the Blackwell accelerators being in full production, expansion of AI reach with the Cosmos platform, automotive market growth, Nvidia-optimized open-source LLMs and a desk-sized personal AI supercomputer called Nvidia DIGITS.



"Nvidia continues to expand its well-optimized and targeted lineup of AI services for enterprise customers," Arya said.



The analyst said Nvidia is an "end-to-end AI shop," expanding its reach from cloud to enterprise and consumer segments.



The unveiling of the RTX 5000 series comes as competitor AMD did not announce its next-gen GPUs during its Monday keynote, despite many expecting a similar announcement, the analyst added.



NVDA Price Action: Nvidia stock is down 5.3% to $141.48 on Tuesday versus a 52-week trading range of $49.48 and $153.13. Nvidia stock is up 172% over the last year.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/tech/25/01/42838231/jensen-huang-unveils-3000-personal-ai-supercomputer-the-size-of-a-small-book-it-runs-the-entire-nvidia-ai-stack">Jensen Huang Unveils $3000 &#8216;Personal AI Supercomputer&#8217; The Size Of A Small Book: &#8216;It Runs The Entire Nvidia AI Stack&#8217;</a></li>
</ul>



Image created using photos from Shutterstock.

Analyst Color

Price Target

Reiteration

Analyst Ratings

Tech

Nvidia Stock Drops After Huang's CES Keynote: Analysts Dub It 'End-To-End AI Shop'

A stronger lending environment, stable credit and renewed confidence in valuations could set the stage for a multiyear rally on U.S. regional banks, with some analysts predicting up to <a href="https://www.benzinga.com/topic/regional-banks">20% upside in 2025.</a>



Three major investment banks — JPMorgan Chase &amp; Co., Bank of America and Goldman Sachs — released fresh outlooks on regional banks Tuesday, issuing rating changes, top stock picks and sector recommendations for 2025.



Overall, analysts at all three firms are optimistic. Goldman Sachs analyst Ryan Nash, for example, highlighted several factors likely to improve sector fundamentals in 2025:



<ul>
<li>Loan Growth Recovery: While still slow, loan growth is expected to accelerate to 6%-7% by the second half of 2025 as corporations resume borrowing.</li>



<li>Net Interest Income Growth: A steeper yield curve and the repricing of fixed-rate assets are anticipated to boost NII. Nash expects margins to expand from the current 3.03% to 3.31% in 2025.</li>



<li>Fee Income Rebound: Treasury management, payments, and capital markets are set to improve, helping banks diversify revenue streams.</li>



<li>Stable Credit Conditions: Credit losses, measured by net charge-offs, are projected to remain flat or decline, while reserves could decrease as economic clarity improves.</li>
</ul>



<ol>
<li></li>
</ol>



According to Nash, the stocks of regional banks are trading at approximately 11.5 times estimated 2025 earnings—near their historical averages but with room for valuation expansion. 



The sector could generate returns on tangible common equity of 14%-15%, compared to 16% pre-2023.



This suggests the group could rise as much as 20% next year, according to Goldman Sachs, assuming the market gains confidence in forward earnings.



<h3 class="wp-block-heading">Goldman Sachs: Upgrades Zions, Downgrades Comerica</h3>



Goldman Sachs upgraded Zions Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZION#NASDAQ">ZION</a>) from Neutral to Buy. The firm predicts a significant upside for the stock, with shares potentially reaching $70 in 2025.



Goldman downgraded Comerica Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMA#NYSE">CMA</a>) from Buy to Neutral, citing challenges in deposit management, fee income pressure, and elevated expense growth. Comerica's margins are expected to improve in 2025. But Nash sees limited upside, with shares already trading near their fair value of $70.



Goldman's top picks for 2025 include Truist Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFC#NYSE">TFC</a>), Regions Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>), KeyCorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KEY#NYSE">KEY</a>) and Citizens Financial Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CFG#NYSE">CFG</a>).



Analysts remain positive on Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>), Huntington Bancshares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HBAN#NASDAQ">HBAN</a>) and First Citizens BancShares Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCNCA#NASDAQ">FCNCA</a>).



<h3 class="wp-block-heading">The Case For Valuation Upside</h3>



JPMorgan Chase analysts are similarly bullish, indicating that regional banks are trading at just 1.4x their projected 2025 tangible book value, below the 1.8-2x historical range.



Anthony Elian, a JPMorgan analyst, said regional banks&#8217; valuations appear favorable relative to the broader market.



&#8220;While inflation remains above target, the steeper yield curve coupled with gradual rate cuts should serve as a favorable backdrop for regional banks,&#8221; Elian said. 



He expects the sector to attract more interest from generalist investors in 2025, further supporting valuations.



JPMorgan identified several regional banks with strong upside potential, including First Horizon Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FHN#NYSE">FHN</a>), Synovus Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNV#NYSE">SNV</a>) and Pinnacle Financial Partners Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PNFP#NASDAQ">PNFP</a>). These names are expected to benefit from rebounding loan demand, robust deposit bases, and favorable capital return dynamics.



<h3 class="wp-block-heading">Improving Regulatory Environment </h3>



Bank of America analyst Ebrahim H. Poonawala also indicated that regional banks are poised to outperform the broader market in 2025, citing stronger earnings growth, discounted valuations, and a more predictable regulatory environment.



While Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) remains BofA's top pick, the bank also flagged KeyCorp and Huntington Bancshares Inc. as preferred names within regional banks.



The analyst highlighted a favorable backdrop for small- and mid-cap regional banks, particularly those with exposure to rebounding loan demand and capital return opportunities. 



Among these, BofA sees First Horizon Corp. and Synovus as potentially strong performers.



Bank of America highlights that looser regulation is a positive tailwind for the sector.



&#8220;Headlines tied to regulatory&nbsp;changes&nbsp;(once Trump appointees take charge)&nbsp;could kick-in as a positive catalyst&nbsp;for stocks,&#8221; Poonawala said. 



&#8220;We see Fed Vice Chair Michael Barr&#8216;s decision to step down from his position as vice chair of supervision as the opening act.&nbsp;End to Fed&#8217;s QT&nbsp;program&nbsp;could also&nbsp;serve&nbsp;as a positive for deposit growth/pricing,&#8221; he added. 



<h3 class="wp-block-heading">Market Reactions</h3>



The SPDR S&amp;P Regional Banking ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) was 0.4% lower on Tuesday, while the Invesco KBW Bank ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KBWB#NASDAQ">KBWB</a>) rose by 0.5%. 



Read Now: 



<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42822291/2025-industry-shake-up-goldman-highlights-kkr-raymond-james-hamilton-lane">2025 Industry Shake-Up: Goldman Highlights KKR, Raymond James, Hamilton Lane</a></li>
</ul>



Image: Shutterstock

Large Cap

Sector ETFs

Upgrades

Downgrades

Economics

Federal Reserve

FCNCA

FITB

HBAN

KBWB

PNFP

ZION

Are Regional Banks The Next Big Opportunity? Why Wall Street Analysts Expect Multiyear Rally

Social media giant Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) is turning the page on content moderation, as it prepares to work with President-elect Donald Trump, four years after banning him<a href="https://www.benzinga.com/news/23/02/30848473/trumps-back-on-facebook-and-instagram-for-real"> from its platforms.</a>



What Happened: Meta Platforms CEO and co-founder Mark Zuckerberg shared in a video that the company's social media platforms will soon be following<a href="https://www.benzinga.com/topic/community-notes"> the Community Notes</a> style of content moderation put in place by Elon Musk's X.



"It's time to get back to our roots around free expression on Facebook and Instagram," Zuckerberg <a href="https://about.fb.com/news/2025/01/meta-more-speech-fewer-mistakes/">said </a>in a video.



Zuckerberg acknowledged that he built social media platforms for people and a lot of censorship has happened over the years, which included accidentally censoring people who should not have been.



Meta will work on prioritizing speech, focus on reducing mistakes and restore free expression, Zuckerberg added.



Zuckerberg laid out a multi-point plan, which includes.



<ol>
<li>Replace fact checkers with community notes, similar to X</li>



<li>Simplify content policy topics</li>



<li>New approach to policy enforcement</li>



<li>Bringing back civic content</li>



<li>Move our trust and safety and content moderation teams out of California to Texas</li>



<li>Protect free expression worldwide</li>
</ol>



Zuckerberg said that legacy media&#8217;s coverage of misinformation after Trump's 2016 election became increasingly biased. "It's gone too far," he added.



Community notes will be phased into Meta's operations, beginning with the United States.



Zuckerberg said Meta currently has filters that scan for policy violations and shut content down. Under the new plan, filters will scan for the top issues, and the system will rely on users to report lower-level violations.



The Meta CEO said this will dramatically lower the level of censorship on the platforms.



Zuckerberg acknowledged that there would be a trade-off with less bad stuff caught by filters, but less positive stuff would be taken down by accident.



The Meta CEO said Europe has made things difficult for social media and China has censored the company's apps from working in the country.



"We're going to work with President Trump."



Zuckerberg said it is time to simplify the system and get back to Meta's roots.



"We have the opportunity to restore free expression and I am excited to take it."



Are you buying when the CEOs of the Magnificent 7 are selling?



<ul>
<li>Stay in the know with our Insider Trades page — <a href="https://www.benzinga.com/sec/insider-trades/">see when leaders like Mark Zuckerberg, Elon Musk, and Jensen Huang are offloading their own shares.</a></li>
</ul>



Why It's Important: Meta's change comes as the <a href="https://www.benzinga.com/tech/25/01/42779753/mark-zuckerbergs-meta-replaces-global-affairs-chief-nick-clegg-with-republican-joel-kaplan-ahead-of-trump-inauguration">company recently announced</a> that Joel Kaplan, a former Republican White House Deputy Chief of Staff under George W. Bush, will become the company's head of global affairs.



Kaplan replaces Nick Clegg, who was instrumental in deciding on Trump being banned on platforms like Facebook and Instagram.



In Tuesday&#8217;s content moderation announcement, Kaplan revealed that Meta removed millions of pieces of content daily in December. However, he acknowledged that one to two out of every 10 removals may have been mistakes, involving content that should not have been taken down.



Zuckerberg's announcements come as his former tense relationship with Trump has appeared to improve. Zuckerberg <a href="https://www.benzinga.com/markets/24/11/42227958/mark-zuckerberg-and-trump-reportedly-met-at-mar-a-lago">met with Trump </a>at Mar-a-Lago in November and <a href="https://www.benzinga.com/news/24/12/42454227/months-after-trump-threatened-to-put-mark-zuckerberg-in-prison-meta-ceo-donates-1m-to-president-elects-inaugural-event">recently donated $1 million</a> to his inauguration fund.



Trump previously threatened to put Zuckerberg in jail over his past handling of the president on Facebook and Instagram.



Zuckerberg's announcement also comes after Meta announced three new people added to the company's Board of Directors, including Trump-ally Dana White.



One question will be whether Musk approves copying the Community Notes moderation style. Musk previously took exception to Zuckerberg's launch of Threads, which copied many elements of X. The launch led to calls for a cage fight between the two billionaires.



X CEO Linda Yaccarino celebrated the announcement Tuesday.



"COMMUNITY NOTES FTW! Fact-checking and moderation doesn't belong in the hands of a few select gatekeepers who can easily inject their bias into decisions. It's a democratic process that belongs in the hands of many," Yaccarino <a href="https://x.com/lindayaX/status/1876612826456019145">tweeted</a>.



Yaccarino said this is a "smart move by Zuck" and she believes other platforms will follow X's lead.



META Price Action: Meta stock is down 3.1% to $610.77 on Tuesday versus a 52-week trading range of $352.05 to $638.40. Meta stock is up 74% over the last year.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/news/management/25/01/42771258/worlds-top-10-richest-people-gained-more-wealth-in-2024-than-costco-and-nikes-combined-valuation-how-elon-musk-warren-buffett-and-others-fared">World&#8217;s Top 10 Richest People Gained More Wealth In 2024 Than Costco And Nike&#8217;s Combined Valuation: How Elon Musk, Warren Buffett And Others Fared</a></li>
</ul>



Photo: Shutterstock

Social Media

Meta Drops Fact-Checking For Community Notes: Zuckerberg Sees 'Opportunity To Restore Free Expression'

Tuesday began as a calm day on Wall Street, but markets swiftly turned negative after the Institute for Supply Management released data highlighting an unexpected surge in price pressures within the <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/42850914/us-services-sector-growth-tops-forecasts-but-price-pressures-tariff-concerns-cloud-outlook">service sector for December.</a> 



The report reignited fears over persistent inflation and mounting concerns over the economic fallout from tariffs.



The ISM&#8217;s Services PMI rose to 54.1% in December, surpassing expectations and marking the third-highest reading of 2024. This figure signals continued expansion in the services industry. 



Yet the Prices Index, which reflects input costs for service providers, jumped sharply to 64.4%, up from 58.2% in November, significantly outpacing consensus estimates of 57.5%. This was the highest print since February 2023 and a clear sign that inflationary pressures are not easing as anticipated.



By midday, all major stock indices were trading lower. The Nasdaq 100 was hit particularly hard as rising Treasury yields soured risk sentiment, putting pressure on growth-oriented technology stocks. The yield on the 30-year Treasury bond surged by 6 basis points to 4.91%, its highest level since November 2023, reflecting growing unease in the bond market. 



The sell-off extended to bond ETFs, with the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) falling by 1% on the day.



Amid this broader market weakness, only a handful of sectors managed to resist the selling pressure. Energy, materials and financials emerged as the outperformers.



In the commodities market, oil prices rebounded after earlier losses this week. West Texas Intermediate light crude climbed 1% to settle at $73.70 per barrel, recovering from Monday&#8217;s decline, while natural gas prices plunged 5%.



Precious metals saw modest gains, with gold up 0.6% and copper rising 1.1%, reflecting a cautious shift toward safer assets.



The rally in cryptocurrencies came to a sudden halt. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) dropped 5% to $97,000, poised to snap a six-session winning streak.



<h3 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h3>



<figure class="wp-block-table is-style-stripes"><table><tbody><tr><td>Major Indices</td><td>Price</td><td>1-day %chg</td></tr><tr><td>Dow Jones</td><td>42,615.09</td><td>-0.2%</td></tr><tr><td>S&amp;P 500</td><td>5,938.52</td><td>-0.6%</td></tr><tr><td>Russell 2000</td><td>2,251.46</td><td>-0.7%</td></tr><tr><td>Nasdaq 100</td><td>21,279.82</td><td>-1.3%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent010625&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:



<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.7% to $591.56.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;eased 0.1% to $426.93.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 1.3% to $517.59.</li>



<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dipped 0.6% to $223.03.</li>



<li>The&nbsp;Energy Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) outperformed, up 1.6%; the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) lagged, down 1.4%.</li>
</ul>



<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>



<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) tumbled more than 5%, reversing from fresh record highs reached at the market open and heading for its worst trading session since early September 2024. The sharp drop came despite upbeat commentary from Wall Street analysts following the chipmaker&#8217;s key announcements at CES 2025.</li>



<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) fell over 4%, after Bank of America Securities lowered the stock rating from Buy to Neutral.</li>



<li>Moderna Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRNA#NASDAQ">MRNA</a>) shares jumped 10.6% to $47.10 on Tuesday following the first reported bird flu death in the U.S. as the company works on developing a vaccine for the H5N1 virus.</li>



<li>Microstrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) tumbled by over 8% amid Bitcoin weakness. </li>



<li>Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) fell by over 6%, following Monday&#8217;s 5% drop ignited by a bearish Morgan Stanley research note.</li>
</ul>



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42854849/are-regional-banks-the-next-big-opportunity-wall-street-analysts-bet-big-on-multiyear-rally">Are Regional Banks The Next Big Opportunity? Wall Street Analysts Bet Big On Multiyear Rally</a></li>
</ul>



Photo via Shutterstock.

Bonds

MRNA

MSTR

Stocks Sink As Bond Yields Soar, Nvidia Eyes Worst Day In 4 Months, Bitcoin Tumbles To $97,000: What's Driving Markets Tuesday?

Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) saw its stock price climb to fresh all-time highs in Tuesday's premarket trading following its show-stopping presentation at CES 2025 in Las Vegas, where the company unveiled a bold vision for the future of artificial <a href="https://www.benzinga.com/tech/25/01/42838231/jensen-huang-unveils-3000-personal-ai-supercomputer-the-size-of-a-small-book-it-runs-the-entire-nvidia-ai-stack">intelligence (AI) and robotics. </a>



Founder and CEO Jensen Huang delivered a keynote Monday that emphasized Physical AI as the next frontier for the robotics industry, likening the moment to what ChatGPT represented for natural language processing. 



In a note shared Tuesday, Goldman Sachs analyst Toshiya Hari reiterated his Buy rating on Nvidia stock, which is also on the firm's Conviction List.



"We believe today's string of announcements, at a minimum, highlights the company's ability to innovate at industry-leading speed across hardware and software as well as its robust partner and customer ecosystem," Hari said. 



<h3 class="wp-block-heading">A New Standard In Gaming And Computing Power</h3>



Central to Nvidia's CES announcements was the launch of its RTX Blackwell family of GPUs, which includes the GeForce RTX 5090 and RTX 5070. 



These next-generation GPUs are poised to redefine gaming and creative computing, offering unprecedented performance gains.



The RTX 5090, which features 92 billion transistors and 3,352 AI TOPS of computing power, is designed to deliver 2x the performance of the RTX 4090, thanks to AI-driven rendering technology. This advancement allows the GPU to generate three frames for every one rendered, dramatically boosting frame rates.



For budget-conscious gamers, Nvidia introduced the RTX 5070 at $549, which promises performance equivalent to the current RTX 4090, a GPU priced at $1,599. 



According to Huang, this family of GPUs demonstrates Nvidia's focus on driving down the cost of compute as models, including OpenAI's o1 and o3 and Google's Gemini Pro, continue to increase in complexity.



<h3 class="wp-block-heading">Physical AI: The &#8220;Largest Technology Industry the World's Ever Seen&#8221;</h3>



Huang's keynote went beyond GPUs, focusing heavily on Physical AI—a domain encompassing robotics, autonomous systems, and real-world AI applications. 



According to Hari, Nvidia is positioning itself to lead what Huang described as "the largest technology industry the world's ever seen."



Nvidia&#8217;s strategy is grounded in three key scaling laws:



<ol>
<li>Pre-training scaling, which improves AI models by applying more computational power to larger datasets.</li>



<li>Post-training scaling, which enhances models through reinforcement learning.</li>



<li>Test-time scaling, where models gain reasoning and problem-solving capabilities.</li>
</ol>



<h3 class="wp-block-heading">Nvidia Unveils &#8216;Cosmos&#8217;</h3>



Nvidia introduced Cosmos, an open platform designed to democratize physical AI development for applications like autonomous vehicles and humanoid robots. 



Hari said, "Cosmos (which NVDA has made available under an open model license) democratizes the development process through synthetic data for training and evaluation."



The platform also integrates with Nvidia's Omniverse, enabling developers to simulate AI scenarios—such as snowy roads or crowded warehouses—without relying on real-world data collection.



<h3 class="wp-block-heading">Llama Nemotron And The Future Of Robotics</h3>



In collaboration with Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Nvidia unveiled the Llama Nemotron Language Foundation Models, designed for enterprise AI applications such as fraud detection and customer support. 



Hari highlighted, "These models are optimized for Agentic AI for enterprises and provide options for different scale deployments."



Hari indicated that the development of humanoid robots hinges on processing imitation information, which Nvidia aims to accelerate using its Omniverse platform.



<h3 class="wp-block-heading">Market Reactions And Goldman Sachs&#8217; Nvidia Outlook </h3>



Shares of Nvidia were up 2.3% to $152 during Tuesday&#8217;s premarket trading , poised to open the session at record highs.



Goldman Sachs holds a 12-month price target of $165 on Nvidia, based on a 50x multiple of its normalized EPS estimate of $3.30. 



Read now: 



<ul>
<li><a href="https://www.benzinga.com/25/01/42830046/amd-reveals-new-ai-processors-gaming-products-ahead-of-ces-2025-shares-rise">AMD Unveils &#8216;Next Generation&#8217; AI Processors, Gaming Gear Ahead Of CES 2025</a></li>
</ul>



Photo: Shutterstock

Nvidia Hits Record Highs On CES AI Breakthroughs: Goldman Stays Bullish

U.S. auto safety regulator National Highway Traffic Safety Administration (NHTSA) on Tuesday said that it is opening an investigation into about 2.6 million Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) vehicles equipped with the company&#8217;s full self-driving driver assistance technology following a complaint alleging that the use of its &#8220;Actually Smart Summon&#8221; feature led to a crash.



What Happened: The regulator said that it received a complaint about the Actually Smart Summon feature leading to a crash and it subsequently reviewed at least three media reports of similar crashes. In all four incidents, the Tesla vehicle failed to detect posts or parked vehicles, it said.



Tesla, however, has not reported any crashes during the use of the feature though rules mandate reporting for crashes involving automated driving systems on publicly accessible roads, the regulator said. 



Actually Smart Summon refers to a feature that allows a user to remotely move the vehicle towards themselves or to another nearby location such as a parking lot through the company&#8217;s phone app.



&#8220;ODI is aware of multiple crash allegations, involving both Smart Summon and Actually Smart Summon, where the user had too little reaction time to avoid a crash, either with the available line of sight or releasing the phone app button, which stops the vehicle's movement,&#8221; the regulator said.



The probe, NHTSA said, will investigate Actually Smart Summon&#8217;s capabilities while also evaluating the top speed that a vehicle can attain while the feature is engaged. The NHTSA will also evaluate the restrictions in place for use of the feature on public roads and line of sight requirements, it said. 



Why It Matters: Tesla started rolling out Actually Smart Summon to vehicles in the U.S. in early September. The company also <a href="https://www.benzinga.com/24/12/42479639/tesla-launches-actually-smart-summon-feature-in-china-ahead-of-fsd-rollout-in-early-2025">launched the feature on its vehicles in China</a> in December. 



The newly announced probe is the second probe by the regulator into Tesla in less than six months. 



In October, NHTSA opened an investigation into<a href="https://www.benzinga.com/news/24/10/41398764/nhtsa-opens-probe-into-2-4m-tesla-vehicles-after-reports-of-4-crashes-with-fsd-involved"> 2.4 million Tesla vehicles</a> following reports of four crashes where its&nbsp;<a href="https://www.benzinga.com/topic/tesla-fsd" target="_blank" rel="noreferrer noopener">full self-driving</a>&nbsp;(FSD) partial driving automation system was engaged.



The regulator then said that it had identified four crash reports in which a Tesla experienced a crash after entering an area of "reduced roadway visibility" with FSD engaged. The reduced visibility, the regulator said, was caused by sun glare, fog, or airborne dust.



In one of the crashes, the vehicle struck and killed a pedestrian, the regulator added.



Check out more of Benzinga's Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>



Read Next:



<ul>
<li><a href="https://www.benzinga.com/25/01/42836673/toyotas-next-gen-vehicles-to-use-nvidia-supercomputer-operating-system" target="_blank" rel="noreferrer noopener">Nvidia Supercomputer, Operating System To Power Toyota's Next-Gen Vehicles</a></li>
</ul>



Photo courtesy: Shutterstock

Regulations

NHTSA Opens Probe Into 2.6 Million Tesla Vehicles After Complaint Of Crashes Linked To Actually Smart Summon Feature

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) spot ETFs experienced a surge in inflows on Jan. 6, <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42811507/bitcoin-ethereum-solana-institutional-investment-inflows-hit-record-442b-in-2024-nearly-quadrupling-previous-high">totaling nearly $1.2 billion.</a>



What Happened: Bitcoin ETFs alone saw $987 million in net inflows, with Fidelity's (CBOE: FBTC) leading at $370 million and BlackRock's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) securing $209 million.



Ethereum ETFs received a net inflow of $129 million, according to <a href="https://sosovalue.com/assets/etf/us-btc-spot?from=moved">data</a> from SoSo Value.



The Ethereum spot ETF market now has a total net asset value of $13.466 billion, with Blackrock's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETHA#NASDAQ">ETHA</a>) ETF receiving $124 million alone.



The increased ETF activity coincides with Bitcoin's spot price premium on Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), which analysts at QCP Capital suggest indicates a possible increase in institutional allocations toward Bitcoin ahead of 2025. 



This activity is further supported by positive regulatory narratives, notably the potential for a pro-crypto Prime Minister in Canada, <a href="https://www.benzinga.com/25/01/42837792/bitcoin-supportive-pierre-poilievre-leads-polymarket-odds-to-become-canadas-prime-minister-after-elections-as-justin-trudeau-resigns">according to</a> Polymarket predictions.



Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42828238/gemini-resolves-cftc-lawsuit-with-5m-settlement-over-bitcoin-futures-misstatements">Gemini Resolves CFTC Lawsuit With $5M Settlement Over Bitcoin Futures Misstatements</a>



What Experts Are Saying: Despite these positive trends, QCP Capital also warns of potential market volatility due to the impending reinstatement of the <a href="https://www.benzinga.com/news/24/12/42713140/us-government-has-less-than-3-weeks-to-raise-debt-ceiling-before-resorting-to-extraordinary-measures-says-treasury-secretary-yellen">U.S. Treasury debt ceiling</a> mid-January. 



This may create uncertainty and pressure markets through the use of extraordinary measures to fund federal expenditures.



Therefore the surge in inflows is met with an undercurrent of fiscal and political uncertainty, which may see volatility rise as the situation develops throughout the month.



Read Next: 



<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42827897/cpai-launches-token-for-ai-powered-crypto-tax-reconciliation-platform">CPAI Launches Token For AI-Powered Crypto Tax Reconciliation Platform</a></li>
</ul>



Image: Shutterstock

COIN

ETHA

FBTC

IBIT

Bitcoin Spot ETF Inflows Hit $987 Million But Watch This Mid-January Fiscal Deadline

U.S. stocks could open on a tentative note on Tuesday after the averages closed on a mixed note on Monday. Despite a rally in AI stocks and chip-making companies, futures were mixed on Tuesday, pointing at cautiousness among investors.



On investors' radar will be AI bellwether Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), and Toyota Motor Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TM#NYSE">TM</a>), among others.



<figure class="wp-block-table"><table><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Nasdaq 100</td><td>-0.023%</td></tr><tr><td>S&amp;P 500</td><td>0.079%</td></tr><tr><td>Dow Jones</td><td>0.11%</td></tr><tr><td>R2K</td><td>0.15%</td></tr></tbody></table></figure>



In premarket trading on Tuesday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) edged up by 0.12% to $596.08 and the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.03% to $524.40, according to<a href="https://benzinga.grsm.io/lxquj26b2sag"> Benzinga Pro data</a>.



Cues From Last Session:



U.S. stocks ended Monday on a mixed note, with Nasdaq and S&amp;P 500 closing the day in green, while the Dow Jones registered a decline.



Crude oil prices remained under the $75 mark but continued to edge up due to concerns about strained supply.



Chipmakers led the rally after Foxconn reported record fourth-quarter revenue. Nvidia shares rose 3.4%, while Micron Technology surged 10.5%, marking some of the session&#8217;s strongest performances.



Treasury yields edged up again as investors await Federal Reserve chair Jerome Powell's speech on the economic outlook.



On the economic data front, the U.S. annual inflation rate rose to 2.6% in October from 2.4% in the previous month, in line with market estimates. The CPI rose 0.2% month-over-month in October.



Most sectors on the S&amp;P 500 closed on a positive note, with consumer discretionary, energy, and real estate stocks recording the biggest gains on Monday.



However, information technology and communication services stocks bucked the overall market trend, closing the session lower.



<figure class="wp-block-table"><table><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>1.24%</td><td>19,864.98</td></tr><tr><td>S&amp;P 500</td><td>0.55%</td><td>5,975.38</td></tr><tr><td>Dow Jones</td><td>-0.06%</td><td>42,706.56</td></tr><tr><td>Russell 2000</td><td>-0.08%</td><td>2,266.65</td></tr></tbody></table></figure>



Insights From Analysts:



WisdomTree and Wharton School economist Jeremy Siegel underscored that one of the reasons for the tentative markets is uncertainty surrounding President-elect Donald Trump's economic policies.



"The market expects immediate action on tariffs, though implementation will take months. Regulatory skepticism for big tech persists, raising questions about the growth potential in this key sector," he said.



Siegel also observed the reliance of markets on AI and tech stocks, noting that the signs of market rotation to other sectors are "still notably absent."



"I could see a market correction in the broad market and a bear market in the Nasdaq if our long-waited market rotation occurs, but the catalyst for this rotation has yet to arrive."



Analysts at the BlackRock Investment Institute <a href="https://www.blackrock.com/us/individual/insights/blackrock-investment-institute/weekly-commentary">echoed</a> similar sentiments while noting that this overreliance on AI and tech stocks could be causing some jitters in the markets.



"Our overweight is grounded in the artificial intelligence (AI) theme, robust economic growth and broadening earnings growth. Soaring tech valuations and the concentration of returns in just a few tech companies caused some market jitters."



Despite this, they observed that this is a feature, not a flaw.



See Also:<a href="https://www.benzinga.com/money/how-to-trade-futures"> How To Trade Futures</a>



Upcoming Economic Data



Here are the key economic events scheduled for Tuesday and the rest of the week:



<ul>
<li>On Tuesday, Richmond Fed President Tom Barkin will be speaking at 8:00 a.m., ET.</li>



<li>U.S. trade deficit data for November will be released at 8:30 a.m., ET.</li>



<li>ISM services data for December and job openings data for November will be announced at 10:00 a.m., ET.</li>



<li>On Wednesday, December&#8217;s ADP employment data will be released at 8:15 a.m., ET.</li>



<li>The minutes of the Fed&#8217;s December FOMC meeting will be released at 2:00 p.m., ET.</li>



<li>Consumer credit data for December will be announced at 3:00 p.m., ET.</li>



<li>On Thursday, initial jobless claims till Jan. 4 will be announced at 8:30 a.m., ET.</li>



<li>Wholesale inventories data for November will be released at 10:00 a.m., ET.</li>



<li>On Friday, the U.S. employment report, unemployment rate, and hourly wages data for December along with hourly wages year over year will be released at 8:30 a.m., ET.</li>



<li>The preliminary consumer sentiment data for January will be announced at 10:00 a.m., ET.</li>
</ul>



Stocks In Focus:



<ul>
<li>Lucid Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>) rose 1.20% in Tuesday&#8217;s premarket after the company announced that the highly anticipated Lucid Gravity Grand Touring will be powered by Panasonic Energy&#8217;s lithium-ion EV battery cells.</li>



<li>Nvidia gained 2.34% after CEO Jensen Huang <a href="https://www.benzinga.com/25/01/42835923/jensen-huang-unveils-monster-gpus-nvidias-rtx-5000-series-starting-at-549">delivered the keynote at CES</a> 2025.</li>



<li>Uber (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) gained 1.64% after the ride-hailing company and NVIDIA <a href="https://www.benzinga.com/trading-ideas/movers/25/01/42839556/uber-and-nvidia-partner-on-ai-technology-for-autonomous-cars">entered into a strategic partnership </a>aimed at advancing AI-powered autonomous vehicle (AV) technology.</li>



<li>Meta Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) declined 0.63% after the company officially halted sales of the Quest Pro, as noted by UploadVR.</li>



<li>Getty Images Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GETY#NYSE">GETY</a>) gained 74.71% and Shutterstock (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SSTK#NYSE">SSTK</a>) was up 39.77% after they announced a merger of equals, combining to create a premier visual content company with an enterprise value of approximately $3.7 billion.</li>
</ul>



Commodities, Bonds And Global Equity Markets:



Crude oil futures surged in the early New York session, rising by 0.42% to hover around $68.72 per barrel.



The 10-year Treasury note yield edged up about to 4.457%.



Most of the major Asian markets ended in the red on Thursday, but European markets were in the green in early trading.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/tech/25/01/42835923/jensen-huang-unveils-monster-gpus-nvidias-rtx-5000-series-starting-at-549">Jensen Huang Unveils Monster GPUs: Nvidia&#8217;s RTX 5000 Series Starting At $549</a></li>
</ul>



Photo courtesy: Wikimedia

Futures

GETY

LCID

SSTK

UBER

US Stocks Could Open On A Tentative Note; Nvidia, AMD And Toyota On Investors' Radar: Experts Flag Over Reliance On AI, Tech Stocks

On Monday evening, Nvidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang delivered the keynote at CES 2025. 



What Happened: The keynote was live-streamed from Mandalay Bay Michelob ULTRA Arena in Las Vegas, Nevada. The venue typically accommodates 12,000 people, but Nvidia reportedly intended to pack in up to 14,000 by using the arena&#8217;s center space.



<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper">
<iframe loading="lazy" title="&#x1f534;WATCH LIVE: NVIDIA CEO Jensen Huang Keynote Speech at CES 2025" width="500" height="281" src="https://www.youtube.com/embed/UGAT_MK0R6g?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" referrerpolicy="strict-origin-when-cross-origin" allowfullscreen></iframe>
</div></figure>



Nvidia CEO Huang walked up on the stage clad in a trademark leather jacket, which this time was a bit shiny. He asked the crowd if they liked his crocodile pattern jacket. "Let it sink in," he said.



See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42822846/nvidia-5000-series-product-updates-make-it-top-semiconductor-pick-ahead-of-jensen-huangs-ces-keynote-analyst">Nvidia 5000 Series, Product Updates Make It Top Semiconductor Pick Ahead Of Jensen Huang&#8217;s CES Keynote: Analyst</a>



At the beginning of the event, Huang showcased Nvidia's RTX Blackwell GPUs with a real-time rendering demo, highlighting new features like RTX Neural Materials, RTX Neural Faces, text-to-animation, and DLSS 4.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The GeForce RTX 5090 is the most powerful GeForce GPU ever made, bringing game-changing capabilities to gamers and creators. The RTX 5090 will be available starting January 30. <a href="https://t.co/ddDMbs36Fg">pic.twitter.com/ddDMbs36Fg</a>&mdash; NVIDIA GeForce (@NVIDIAGeForce) <a href="https://twitter.com/NVIDIAGeForce/status/1876473866559554041?ref_src=twsrc%5Etfw">January 7, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



The keynote&#8217;s highlight was the introduction of the latest GeForce RTX 5000 Graphic cards series, which include the $1,999 RTX 5090, $999 RTX 5080, $749 RTX 5070 Ti, and $549 RTX 5070.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc5Z4UsyiwBRKN1Xos6-01vtbZBBkBr23h58yTNBrloHcmCHgcAag5EObCmdi7vvCvSwkf3QuKa7ZaRGuRTMxr1qfc3OeSG3varkguglJePaaqeTtn5yFwZqoucSS15ZvjTc_Z7TA?key=ZqRTo9hvTDgMJhpMbDV8fVRW" alt=""/><figcaption class="wp-element-caption">Source: Nvidia/YouTube</figcaption></figure>



Nvidia will release the RTX 5090 and RTX 5080 GPUs on January 30, with the RTX 5070 Ti and RTX 5070 launching shortly after. They will feature a redesigned Founders Edition with two double flow-through fans, a 3D vapor chamber, and GDDR7 memory.



The RTX 5090 Founders Edition is a two-slot GPU designed to fit into compact PC builds. It comes with 32GB of GDDR7 memory, a memory bandwidth of 1,792GB/sec, and an impressive 21,760 CUDA cores.&nbsp;



According to Nvidia, this GPU will be twice as fast as the RTX 4090, thanks to the advancements of DLSS 4 and the Blackwell architecture.



Subscribe to the <a href="https://bztechtrends.beehiiv.com/subscribe">Benzinga Tech Trends newsletter</a> to get all the latest tech developments delivered to your inbox.



Huang also introduced its RTX 50-series to laptops, with the $2,899 RTX 5090 laptop GPU featuring 24GB of GDDR7 memory at launch. The $2,199 RTX 5080 laptop GPU will include 16GB of GDDR7 memory, the $1,599 RTX 5070 Ti will have 12GB, and the $1,299 RTX 5070 will come with 8GB of GDDR7 memory.



These RTX 50-series laptops will be available starting in March from various PC manufacturers.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXe9UwrKbpwYQAvXm20QMDFPeXgTtvI47g50v_jNWOWbBreTgWNjEQdLn1Qh1c4ha1W8nRdOH5wdK2-V7rso-pAYvMHpaD0JrTzx__INz1Ylecodd0IGNXY2T4w0y-c-ycRTAJYcBg?key=ZqRTo9hvTDgMJhpMbDV8fVRW" alt=""/><figcaption class="wp-element-caption">Source: Nvidia/YouTube</figcaption></figure>



Huang also unveiled the Grace Blackwell NVLink 72, which boasts 72 Blackwell GPUs, 2,592 Grace CPU cores, and 130 trillion transistors.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd084fq38ty-gye28ku6F8yIPoqYV_yLCCmvr_yX44zuGvDqpSDdylUmuqeRshlXE_vFWMIOoZGTleKb5-tv8ObL4UkIApWNQ5N7THAFubacdDwxBo23nrivzgIKJVA8NZxy-Ko?key=ZqRTo9hvTDgMJhpMbDV8fVRW" alt=""/></figure>



Source: Nvidia/YouTube



This system, offering four times the performance per watt, will play a crucial role in powering Agentic AIs that use test-time scaling for real-time reasoning and decision-making.



In a light moment during the keynote, Huang tried to embody his inner Captain America and re-created the iconic moment from "Avengers Endgame," and laughed saying, "I thought I was worthy."



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfv6XjdbJR6PB0_zfMSC4dvU3gMUlJhyR3z5FrPiLPulXcJklHjLcmxJA02ZraQB7JYQWPhS6Wt__SHBWdMGV9F-LeRYgJVvj79EPanBTeBN8gWApRI40GfRw6MR5XlE_2tGvBPEA?key=ZqRTo9hvTDgMJhpMbDV8fVRW" alt=""/><figcaption class="wp-element-caption">Source: Nvidia/YouTube</figcaption></figure>



Price Action: Nvidia&#8217;s stock climbed 3.43% on Monday, ending the day at $149.43. In after-hours trading, it gained an additional 0.57%, reaching $150.28, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">data from Benzinga Pro</a>.



Check out more of Benzinga's Consumer Tech coverage by <a href="https://www.benzinga.com/topic/consumer-tech">following this link</a>.



Image Via Shutterstock



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<li><a href="https://www.benzinga.com/trading-ideas/technicals/25/01/42827345/nvidia-soars-amd-stalls-ai-race-heats-up-at-ces-2025">Nvidia Soars, AMD Stalls: AI Race Heats Up At CES 2025</a></li>
</ul>

Jensen Huang Unveils Monster GPUs: Nvidia's RTX 5000 Series Starting At $549

Leading cryptocurrencies jumped on Monday, driven by corporate Bitcoin purchases and a fresh bullish price prediction for 2025.



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 7:45 p.m. ET)</td></tr><tr><td>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)</td><td>+3.92%</td><td>$102,256.53</td></tr><tr><td>Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+1.44%</td><td>$3,684.22</td></tr><tr><td>Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</td><td>+2.56%</td><td>$0.3899</td></tr></tbody></table></figure>



What Happened: Bitcoin soared above $100,000 for the first time since Dec. 19, ending weeks of choppy price action just below the key level.



The rally was bolstered by MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Metaplanet, popularly referred to as "Asia's MicroStrategy," as both companies <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42814054/microstrategy-extends-bitcoin-buying-streak-metaplanet-aims-for-10000-btc-war-chest">acquired more Bitcoin</a> for their reserves.



Additionally, Bernstein <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42810885/bitcoin-to-200000-as-crypto-enters-infinity-age-in-2025-bernstein-predicts">painted a $200,000 target</a> for Bitcoin by the end of 2025, contributing to the rally.



Ethereum broke out above $3,600, reaching $3,739 for the first time in over two weeks.&nbsp;



More than $221 million was liquidated from the cryptocurrency market in the last 24 hours, with $133 million in downside bets getting wiped out.



That said, more than $1 billion in long positions risked liquidation if Bitcoin fell to $97,720.



Bitcoin's Open Interest soared 16.52% in the last 24 hours, indicating massive speculative interest for the apex cryptocurrency.



The "Extreme Greed" sentiment took over the market, according to the Crypto Fear &amp; Greed Index, raising fears of a potential correction.



Top Gainers (24-Hours)



<figure class="wp-block-table"><table><tbody><tr><td>Cryptocurrency</td><td>Gains +/-</td><td>Price (Recorded at 7:45 p.m. ET)</td></tr><tr><td>The Sandbox (SAND)</td><td>+8.88%</td><td>$0.6958</td></tr><tr><td>Worldcoin (WLD)</td><td>+8.53%</td><td>$2.61</td></tr><tr><td>Pudgy Penguins (PENJU)</td><td>+7.51%</td><td>$0.04315</td></tr></tbody></table></figure>



The global cryptocurrency market capitalization stood at $3.59 trillion, following a rise of 2.64% in the last 24 hours.



Tech stocks rallied on Monday. The Nasdaq Composite spiked 1.24% to close at 19,864.98. The S&amp;P 500 also closed in the green, ending 0.55% higher at 5,975.38. However, the Dow Jones Industrial Average closed the session at a minor loss of 0.06%.



Artificial intelligence behemoth NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) contributed to the tech rally, surging 3.43% to $149.43, driven by investor anticipation surrounding CEO Jensen Huang‘s <a href="https://www.benzinga.com/pre-market-outlook/25/01/42813341/nvidia-jumps-up-in-pre-market-on-monday-ahead-of-jensen-huangs-keynote-at-ces-la">keynote at the CES trade show</a> in Las Vegas.



See More: <a href="https://www.benzinga.com/money/best-crypto-scanners">Best Cryptocurrency Scanners</a>



Analyst Notes: Popular cryptocurrency analyst Rekt Capital stated that Bitcoin needs a daily close above $101,165 for the bias to turn bullish and break out from the daily range.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw">#BTC</a> Bitcoin is mere hours away from positioning itself for a bullish Daily Candle Close and breakout from this Daily range Needs a Daily Close above $101,165 (black)<a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> <a href="https://t.co/wrIB3i3n1g">https://t.co/wrIB3i3n1g</a> <a href="https://t.co/bC4IL4bnqK">pic.twitter.com/bC4IL4bnqK</a>&mdash; Rekt Capital (@rektcapital) <a href="https://twitter.com/rektcapital/status/1876386068288729171?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Another widely followed cryptocurrency market commentator, Miles Deutscher, highlighted that retail demand for Bitcoin was nearing historic lows, despite a run above $100,000.



"This run is being driven by institutions/ETFs/nation states. For this reason, you can&#8217;t really compare this cycle to past cycles," Deutscher added.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> on-chain retail demand is nosediving to historic lows, despite BTC pushing $100k. This run is being driven by institutions/ETFs/nation states. For this reason, you can&#39;t really compare this cycle to past cycles. <a href="https://t.co/S5tKFDuBX9">pic.twitter.com/S5tKFDuBX9</a>&mdash; Miles Deutscher (@milesdeutscher) <a href="https://twitter.com/milesdeutscher/status/1876207088973849056?ref_src=twsrc%5Etfw">January 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



Low retail interest in Bitcoin could also suggest that the cryptocurrency cycle was still in its early stages.



Image via Shutterstock



Read Next:&nbsp;&nbsp;&nbsp;&nbsp;



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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42815711/bitcoin-is-the-the-grand-daddy-and-outshines-wall-street-anthony-pompliano-says">Bitcoin Is The &#8216;The Grand Daddy&#8217; And Outshines Wall Street, Anthony Pompliano Says</a></li>
</ul>

Bitcoin Makes Its Move Over $100K, Ethereum, Dogecoin Rally As Corporate BTC Adoption Strengthens: Analyst Says Ongoing BTC Run Different From Past Cycles

The CNN Money Fear and Greed index showed some easing in the overall fear level, while the index remained in the &#8220;Fear&#8221; zone on Monday.



U.S. stocks settled mostly higher on Monday, with the S&amp;P 500 and Nasdaq Composite recording back-to-back gains during the session.



Chip stocks were among the top gainers of the session after Foxconn disclosed record revenue for the fourth quarter. Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares gained 3.4%, while Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) jumped 10.5% on Monday.



Among Monday's notable headlines, The Washington Post reported Donald Trump's economic team is exploring a more targeted version of its universal tariff plan, aiming to apply tariffs to specific sectors rather than implementing a broad measure on all imports.



On the economic data front, the S&amp;P Global services PMI was revised downward to 56.8 in December compared to a preliminary reading of 58.5, and versus a reading of 56.1 in November.



Most sectors on the S&amp;P 500 closed on a negative note, with consumer staples, utilities, and real estate stocks recording the biggest losses on Monday. However, communication services and information technology stocks bucked the overall market trend, closing the session higher.



The Dow Jones closed lower by around 26 points to 42,706.56 on Monday. The S&amp;P 500 gained 0.55% to 5,975.38, while the Nasdaq Composite climbed 1.24% at 19,864.98 during Monday's session.



Investors are awaiting earnings results from RPM International Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RPM#NYSE">RPM</a>), AAR Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIR#NYSE">AIR</a>), and Cal-Maine Foods Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CALM#NASDAQ">CALM</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 36.7, the index remained in the &#8220;Fear&#8221; zone on Monday, versus a prior reading of 33.3.



The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.



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Photo courtesy: Shutterstock

CALM

Nasdaq Jumps Over 1% As Nvidia, Micron Surge: Investor Fear Eases, But Greed Index Remains In 'Fear' Zone

On Monday, Cathie Wood-led Ark Invest made notable trades involving Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>). and Amazon.com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>).



The Palantir Trade



Ark Invest executed a significant sale of Palantir Technologies Inc. shares across multiple ETFs, including Ark Fintech Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKF#NYSE">ARKF</a>), ARK Innovation ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKK#NYSE">ARKK</a>), and ARK Next Generation Internet ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ARKW#NYSE">ARKW</a>). The total shares sold amounted to 196,728. The trade was worth $14.93 million. This move comes amid a backdrop of mixed analyst ratings for Palantir. Recently, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42811388/palantir-trades-in-the-red-during-monday-premarket-as-morgan-stanley-assigns-underw">Morgan Stanley</a> <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/42811388/palantir-trades-in-the-red-during-monday-premarket-as-morgan-stanley-assigns-underw">assigned an &#8216;underweight&#8217; rating to Palantir</a>, setting a price target of $60, following a 379% gain over the past year. The stock closed at $75.92 on Monday, reflecting a 4.97% decline.



Despite its strong performance in U.S. commercial and government sectors, Palantir&#8217;s valuation has been a point of contention among analysts. On Sunday, CNBC host Jim Cramer indicated <a href="https://www.benzinga.com/markets/equities/25/01/42806417/jim-cramer-works-sunday-brainstorm-on-buying-palantir-and-tesla-stock-calls-them-protective-intellectual-blankets">interest in purchasing</a> Palantir shares for his investing club portfolio.



Palantir stock has shot up over 355% over an one-year period but is down 0.4% since 2025 began.



The Amazon Trade



In contrast, Ark Invest increased its position in&nbsp;Amazon.com Inc.&nbsp;by acquiring 39,288 shares through ARKF and ARKW. The total value of this purchase was approximately $8.94 million, based on Monday&#8217;s closing price of $227.61. This move aligns with Ark&#8217;s previous strategy of bolstering its Amazon holdings, as seen in&nbsp;<a href="https://www.benzinga.com/24/12/42664623/cathie-wood-led-ark-invests-monday-moves-dumps-tesla-palantir-stock-adds-amazon">recent trades</a>.



Amazon&#8217;s stock has been buoyed by positive analyst sentiment, with some forecasts predicting a <a href="https://www.benzinga.com/24/12/42412458/amazon-to-rally-around-15-here-are-10-top-analyst-forecasts-for-tuesday">potential 15% rally.</a>



Other Key Trades:



<ul>
<li>Ark sold 3,769 shares of Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) from its ARKF fund. The transaction was valued at nearly $1.08 million.</li>



<li>Sold shares of Archer Aviation Inc. from ARKK.Bought shares of Illumina Inc. across ARKG and ARKK.Acquired shares of Pacific Biosciences of California Inc. through ARKG and ARKK.Purchased shares of GitLab Inc. via ARKK and ARKW.</li>
</ul>



Image via Flickr



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<li><a href="https://www.benzinga.com/25/01/42823469/this-toast-analyst-begins-coverage-on-a-bullish-note-here-are-top-5-initiations-for-monday">This Toast Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Monday</a></li>
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/author/shivdeep-dhaliwal" target="_blank" rel="noreferrer noopener">Shivdeep Dhaliwal</a>

AMZN

Cathie Wood's Monday Moves: Dumps $15M Worth Of Hot Stock Palantir, Loads Up Amazon.com

Nippon Steel Corp.&#8217;s (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) lawsuit challenging President Joe Biden&#8216;s block of its $14.9 billion acquisition of US Steel Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) faces steep legal hurdles but could buy time for <a href="https://www.benzinga.com/markets/equities/25/01/42806543/cleveland-cliffs-ceo-predicted-bidens-block-149b-nippon-steel-us-steel-deal-months-before-action">alternative deal structures</a>, legal experts say.



The Japanese steelmaker filed suit Monday claiming Biden violated constitutional due process rights by <a href="https://www.benzinga.com/news/global/25/01/42825094/us-steel-nippon-steel-sue-biden-administration-cleveland-cliffs-union-in-response-to-blocked-merger">prejudging the deal</a> through the Committee on Foreign Investment in the United States review. 



The companies allege Biden&#8217;s March opposition aimed to secure union support in Pennsylvania before leaving the ticket.



While courts typically defer to executive branch national security decisions, the lawsuit could extend negotiations beyond the current 30-day unwinding period through Jun. 18, when regulatory approvals expire, reported Reuters. This extension might prove crucial as former President Donald Trump, who initially opposed the deal, could take office in 2025.



&#8220;The lawsuit will give them more time to negotiate with the new administration or find alternatives that are acceptable,&#8221; said Nick Klein, national security lawyer at DLA Piper, though he called the legal challenge &#8220;an uphill battle.&#8221; 



The White House denies allegations of political motivation in blocking the merger. 



Price Action: United States Steel stock closed at $32.95 on Monday, up 8.17% for the day. In after-hours trading, the stock gained an additional 0.58%. Over the past year, the stock has declined by 32.05%, according to <a href="https://pro.benzinga.com/dashboard">data from Benzinga Pro</a>. Nippon Steel stock is currently trading at JPY 3,106, down 1.65% at the time of writing. Over the past year, it has dropped 6.98%.



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<li><a href="https://www.benzinga.com/general/space/25/01/42828631/exclusive-rocket-lab-intuitive-machines-redwire-or-ast-spacemobile-33-of-readers-pick-this-space-stock-for-2025">EXCLUSIVE: Rocket Lab, Intuitive Machines, Redwire Or AST SpaceMobile? 33% Of Readers Pick This Space Stock For 2025</a></li>
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Image Via Shutterstock



Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

NPSCY

Nippon Steel's Lawsuit Against Biden Administration May Extend US Steel Deal Timeline

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