Stock Market Dips: Tech Giants, Tesla, and Acquisitions in Focus

U.S. stock futures dropped on November 14th, driven by concerns over high tech company valuations. Applied Materials stock fell 6% due to expected decrease in Chinas chipmaking equipment spending. Teslas stock dropped 4% following a recall of Powerwall batteries. Warner Bros Discovery shares rose 3% on acquisition bids. StubHubs stock fell 17% after CEOs earnings guidance, while Cidara Therapeutics surged 100% on Merck acquisition rumors. Luminar Technologies stock jumped 12% on surpassing revenue expectations.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.