Stock Movers: Newmont Rises on Gold, Nvidia & Palantir Fall, Tesla Hit by Tariffs

Market Overview: Risk-Off Sentiment

• 📉 The market is experiencing a broad-based sell-off on Monday morning, with a general risk-off sentiment prevailing.
• 🛡️ Defensive plays are seeing some gains, with gold prices leading the upside.

Newmont's Gains Amidst Market Downturn

• 🥇 Newmont Corporation (NEM), a major gold miner, is trading higher by approximately 1.3%.
• 📈 This rise is attributed to the increase in gold prices and investors seeking defensive assets amid policy uncertainty related to US tariffs.

Tech Stocks Face Sell-Off

• 💥 Palantir (PLTR) is experiencing a significant hit, down about 6% in pre-market trading.
• 💡 Stocks heavily exposed to the AI trade, including Palantir, Tesla, and Nvidia, are trading in negative territory due to their high multiples and reliance on AI headlines.
• 📉 Nvidia (NVDA) is down about 3.5%, influenced by a disappointing IPO of a company it backs, CoreWeave.
• 🚗 Tesla (TSLA) shares are down nearly 5% in pre-market trading, impacted by incoming auto tariffs and anticipation of first-quarter delivery releases.

Other Market Movements

• 📉 Amazon (AMZN) is down approximately 1.7%, trading at $189 a share, with no specific news flow cited for the tech sector broadly.
• ⛏️ Freeport-Macaran (FCX), a copper company, is down about 2.5%, trading at $37.46 a share, amidst discussions of copper tariffs and China.
• 🇫🇷 French ETFs, such as EWQ (iShares France Basket), are showing slight declines, with potential volatility expected at the opening bell due to French political drama.