TheDrop Market Analysis, 12/09/24

Alexangel Ventura
Dec 9, 2024
1 min read

Markets tumble after breaking news cripples Nvidia.

Overall, all major index funds took heavy hits, with the Nasdaq leading the way throughout the course of the trading day.

Nvidia fell almost 3% after news of a crippling lawsuit by the People's Republic of China over evading antitrust laws. This set a storm among the largest contenders of the Nasdaq, creating a system-wide bear market.

Yet, Apple and Microsoft were able to withstand the stock of Nvidia's decline, as they do not have nearly as much contention with China as the notable chip maker.

Target made an outstanding recovery today with a 2% rise, helping it gradually return to pre-earnings share price levels. Over the past few weeks, the stock consolidated while growing an additional $10 per share.

Top Stories

Huge Netflix-Warner Bros. Deal Attracts Heat from Politicians

As the deal between Warner Bros. Discovery and Netflix continues toward realization, the proposed business acquisition has garnered significant opposition by some of the nation's most prominent political leaders. The Warner Bros. logo pictured just outside the studio lot in Burbank California, 2008, Amy T. Zielinski/Getty Images. On December, Netflix agreed to formally purchase Warner Bros.' film and television studies for roughly $82-83 billion, equating to roughly $72 billi

8 hours ago2 min read

Stock "Trump accounts" given green light by first donors, bolstering feasibility

The proposed "Trump accounts," which were first established under the One, Big, Beautiful Bill Act past July, was given a major boost by a donation from two billionaires, increasing the chances for its feasibility by next summer, its expected launch date. Michael Dell, CEO of Dell Technologies (left) and his wife Susan Dell (right) speaking during their White House announcement of a large donation to the "Trump accounts" policy, Reuters. The propose d accounts would include a

3 days ago2 min read

Mamdani & Trump's White House Meeting: How the Left and the Right are agreeing to come together

In a country with a strictly double-sided, polarizing political system as the United States has been over the past decade, Republicans and Democrats have showed signs of easing the cross-party divide - by emphasizing their agreements, not merely devolving to personal attacks and disagreements. Donald Trump pats Mayor-Elect Zohran Mamdani in the arm as he responds to a question from reporters, The Independent [taken from video]. On November 21st, President Trump invited NYC's

Nov 212 min read

TheDrop Market Analysis, 12/09/24

Recent Posts

Top Stories

Huge Netflix-Warner Bros. Deal Attracts Heat from Politicians

Stock "Trump accounts" given green light by first donors, bolstering feasibility

Mamdani & Trump's White House Meeting: How the Left and the Right are agreeing to come together

© 2025 The Daily Drop. All rights reserved.