Stock Movers: Tesla's AI Leadership, Gemini's IPO, and Drugmaker Stock Drops

Market Close Overview

• 📊 Investors appeared to be taking a breather, with more stocks in the S&P 500 lower than higher.
• 📈 Technology and Utilities sectors performed well, while Healthcare, Materials, and Industrials led the market lower.

Top Stock Gainers

• 🚀 Warner Brothers Discovery saw a significant rally, up approximately 56% for the week, following reports of a potential bid from Paramount Sky Dance.
• ⚡ Tesla shares rose about 7.4%, with investor focus on the expansion of its robo taxi service and the board chair's strong endorsement of Elon Musk's continued leadership in AI and robotics.
• 💡 Micron Technology reached a record high, with analysts highlighting its growth potential in the data center market.
• 🪙 Gemini (GEMI) closed its IPO 14% above its offering price, raising $425 million in a volatile trading session.

Notable Stock Decliners

• ⚠️ Moderna (MRNA) shares dropped 7.4% after a report indicated that Trump health officials plan to link COVID shots to the deaths of children.
• 🏠 RH fell 4.6% after cutting its full-year revenue forecast and citing the impact of tariffs and a weak housing market.
• 🏡 Open Door experienced a pullback, down 14% after an 80% surge the previous day, remaining the most actively traded stock.

Yields and Market Outlook

• 📉 Long-term yields decreased for the second consecutive week, reaching their lowest level since April.
• 📈 Short-term yields rose for the first time in five weeks.
• 🗓️ This sets the stage for the upcoming two-day Federal Reserve policy meeting starting Tuesday.