How it’s computed: half price, half fear. Price: the three indices’ average move (+2.41%), 25 points per 1% from 50. Fear: the VIX (19.9) as 50 − 4 × (VIX − 20). Averaged, capped 0–100.
The Call
Magnificent 7 diverge sharply as Nvidia stumbles amid scrutiny.
Meta +5.1%, Tesla +5.5% lead. Nvidia -4.3% trails. S&P 500 +2.35%.
Top stories
The market, tech and world stories that matter before the bell.
JFrog: Jfrog’s $300 Million Buyback: Value Booster or Risky Use of Cash? The Globe and Mail
LASR $38.02
▲ +29.58%
nLIGHT: The laser maker reported record product margins and stronger defense revenue, offsetting supply-related sales delays. International Business Times AU
Decliners
IRTC $90.22
▼ -30.70%
iRhythm Holdings: iRhythm Holdings (IRTC) Stock Could Be A Bargain On Its 49% Slump Yahoo Finance
DKNG $18.51
▼ -21.30%
DraftKings: Shares fell after the company disclosed how much it is spending on prediction market expansion. The Boston Globe
AXON $313.00
▼ -18.18%
Axon Enterprise: Shares closed down 18.2% after its third-quarter report reset the company's cash outlook. Yahoo Finance
Stocks over $2B in market value. Source: Yahoo Finance, previous session.
Power Players
Jensen Huang · Nvidia
Huang apologizes to Nvidia staff over relationship with suspected spy
Nvidia's chief executive sent employees a memo apologizing for his relationship with a businesswoman that U.S. intelligence agencies determined was a Chinese spy.
Berkshire speeds up stock buybacks as profit falls
Berkshire Hathaway accelerated its share repurchases, with CEO Greg Abel showing more willingness than predecessor Warren Buffett to deploy the conglomerate's large cash pile.
I am urging all Senators to vote for The American Affordability and Jobs Act (S. 5653)! This Bill is a BIG WIN for U.S. ENERGY INDEPENDENCE and DOMINANCE.
This Landmark Permitting Reform Legislation will codify our America First Energy Agenda, and ensure that we can build Pipelines, Mines, and Power Plants faster than ever before, lowering Energy Costs for American Families, and creating High Paying American Jobs.
This Legislation also codifies my RATEPAYER PROTECTION PLEDGE, ensuring Data Centers build and pay for their own Electricity, and help invest in their local communities. Remember, China will take any Data Center that we don’t want, and pay lots of money for it. We’re Number One — Let’s keep it that way! Call your Senator TODAY, and tell them to vote YES. President DONALD J. TRUMP
Executive order
Federal AI testing staff asked to report informally to White House
Staff at federal AI testing unit CAISSI were asked to report informally to the White House, the AP reported; Executive Order 14409 sets no public reporting rule.
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Market data from the sources noted under Your Tickers; stories from the publishers linked above. Market data may be delayed. Not investment advice. For information only.
