Company / Analytics

Analytics, 18 December 2021

Week 50 in Brief

North America

How did the major indices perform?

What drove the US market?

Which US stocks were in focus Friday?

• Shares of General Motors Co. dropped 5.5% after the abrupt departure of longtime company executive Dan Ammann. Ammann, up until Thursday, was running GM’s self-driving car division, Cruise Automation. The stock closed at $55.16. • United States Steel Corp. warned of a “temporary slowdown” in orders during the fourth quarter. The company’s stock fell 1.6%, closing at $ 23.08. • Rivian Automotive shares slumped 10.3%, closing the week at $97.70 after its first quarterly report as a public company. • AMC stock rose as much as 22% after the theater chain said that the latest “Spider-Man” movie set box office records for a December release. • Tesla stock slipped as CEO Elon Musk offloaded another $884.1 million worth of shares in the EV maker. Since early November, his sales now total nearly $14 billion. • MicroStrategy CEO Michael Saylor, whose software company owns about $6 billion worth of bitcoin, said the cryptocurrency doesn’t need Warren Buffett’s endorsement to be wildly successful.

How did the European markets perform?

How did Asian markets perform?

Commodities and Bonds

Currencies

Next Week

Trading will remain very choppy for the rest of the year as investors grapple with falling trading volumes over the coming sessions.

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