Stocks skidded on Monday, with the S&P 500 and Nasdaq 100 trading lower, while the Russell 2000 was essentially flat. Tech was the only sector to end the day in the green.

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December 08, 2025

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Stocks slump ahead of Fed meeting

Stocks skidded on Monday, with the S&P 500 and Nasdaq 100 trading lower, while the Russell 2000 was essentially flat. Tech was the only sector to end the day in the green.

While traders are confidently pricing in a quarter-point rate cut during the Fed’s meeting this week, uncertainty over how the central bank will handle easing in 2026 looms. Despite a rebound over the weekend, bitcoin dropped ahead of the Fed decision. According to Timothy Misir, head of research at Blockhead Research Network, bitcoin is “politically and macro-sensitive this week,” calling the Fed’s decision and Chair Jerome Powell’s subsequent speech the “obvious market pivots.”

Stocks that moved higher:

  • Paramount Skydance jumped after launching a hostile $30 per share bid for Warner Bros. Discovery, sending Netflix down.
  • Confluent skyrocketed as IBM announced a $11 billion acquisition.
  • Nvidia ticked higher on reports that the Department of Commerce will open up exports of its H200 Chips to China.
  • Robinhood Markets rose after announcing its entry to the Indonesian market through acquisitions. (Robinhood Markets Inc. is the parent company of Sherwood Media, an independently operated media company.)
  • Structure Therapeutics skyrocketed as it posted mid-stage results for its weight-loss pill that were roughly in line with Eli Lilly’s competing product.
  • Micron ticked up on a price target boost from Susquehanna and positive signs from overseas on memory chip pricing.
  • EchoStar and Rocket Lab rose, riding a wave of excitement about recent reports that Tesla CEO Elon Musk’s satellite startup, SpaceX, is shooting for an $800 billion valuation as it launches a secondary share sale.
  • Kymera Therapeutics soared on early eczema-drug data that could challenge Regeneron and Sanofi products.
  • Carvana jumped after its S&P 500 inclusion was announced after the bell on Friday.

Stocks that moved lower:

  • US EV makers Lucid, Rivian, and Tesla dropped following a fresh downgrade from Morgan Stanley
  • CoreWeave sank after announcing a $2 billion convertible senior notes offering.
  • Marvell Technology tumbled after Benchmark downgraded the company to hold, saying it lost new Amazon custom chip business.
  • BiomX fell after discontinuing a trial for cystic fibrosis patients following an internal review.

Waymo says its robotaxis are involved in 80% fewer injury-causing crashes than human-driven cars

Even with an exemplary safety record, Waymo will have to defend itself vigorously each time one of its autonomous vehicles illegally passes a school bus or kills a beloved neighborhood cat.

Read more.

 
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Things Netflix said it would never do, then did

Desperate times call for desperate measures.

Read more.

Google’s Waymo is now doing more than 450,000 paid autonomous rides per week, CNBC reports. That’s nearly double the 250,000 it reported doing in April, as the service expands to cities across the country and widens its lead against Tesla.

  • Elon Musk says European Union‚ where Tesla’s sales are low, “should be abolished”
    Sales are down 25% from last year on the continent and make up just 15% of total sales.
  • The AI bubble may be constrained by energy supply
    An analysis by the FT shows that the energy requirements of planned data centers in the US far outstrip the near-term energy supply.
  • Google to bring ads to Gemini chatbot in 2026
    The search giant had already started rolling out ads in AI Overviews and in AI Mode.
  • OpenAI says reports of ChatGPT ads are wrong as Google brings ads to AI products
    There are billion$ of reasons why OpenAI would turn to ads.
  • Forget fatigue — we’re now in the age of “subscription captivity,” per the WSJ
    Could the Netflix-WBD deal tighten streaming’s stranglehold further?
  • Magnum, the world’s largest ice cream maker, just went public at a ~$9.2 billion valuation
    Unilever’s newly spun-off ice cream arm says its business is far from “volatile” and that GLP-1s may dent demand less than feared.
 

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