Momentum Movers

• $RGTI $IONQ down 45% and 39% respectively following comments from $NVDA’s CEO about quantum computing not being materially useful for many years. 
• $VIR up 58% after the company announced encouraging safety and efficacy data in ongoing dose escalation trials for dual masked T-cell engagers in solid tumors.
• $SOUN down 16% as momentum slowed in several trending sectors including AI amid market volatility. 
• $BSX up 4% after announcing an agreement to acquire Bold Medical in a deal that consists of an upfront payment of $443M for the 74% stake not yet owned. 
• $EBAY up 9% after $META launched an integration test for Facebook Marketplace. 
• $ACCD up 104% after the company announced that Transcarent will acquire the company for $7.03 per share in cash. 
• $ANGO up 37% after the company reported better-than-expected Q2 financial results and raised its FY25 adjusted EPS guidance. 
• $EIX down 10% as California utility companies traded lower amid ongoing wildfires. 
• $MRNA down 9% after UBS cut its price target on the stock to $96. 
• $NVDA down slightly after hours following news that the Biden administration will curb exports of AI chips. 

Sector Performance

Market News 

• The stock market will be closed on Thursday, 1/9/25, for a national day of mourning for Jimmy Carter. Several companies will still release earnings Thursday including $NTIC, KBH, $PSMT, $ETWO, $ACCD, and $BBCP.
• Weekly US jobless claims unexpectedly dipped to 201,000.
• FOMC minutes showed multiple Fed members expressing concern about risks to an inflation uptick, adding to bets that the Fed will slow the pace of rate cuts. 

Upcoming Events 1/10/25 

• Unemployment Rate
• Nonfarm Payrolls (Dec)
• Earnings: $TLRY, $DAL, $WBA, $STZ, $NEOG, $SNX