U.S. Movers: Alphabet, Fisker, Nvidia

Scott Peters
29 Dec, 2023
New York City

Benchmark indexes struggled to keep momentum on the final day of the week and the year, but market indexes are set to log solid gains in December, in the fourth quarter, and in 2023.

In December, the S&P 500 advanced 4.7% and the Nasdaq Composite gained 6.1%, and in the fourth quarter, the indexes gained 11.6% and 14.2%, respectively.

The Nasdaq index was up 44.2% in 2023 before Friday's trading, its best annual gain since 2003.

In Thursday's trading, the S&P 500 index gained 0.04% to 4,783.35, and the Nasdaq Composite decreased 0.02% to 15,095.14.

The yield on 2-year Treasury notes increased to 4.30%, 10-year Treasury notes inched higher to 3.88%, and 30-year Treasury bonds eased to 4.02%.

Fisker Inc. jumped 13% to $1.70 after the company said vehicle deliveries soared 300% in the fourth quarter from the previous quarter on the rising demand for its electric SUV.

Total deliveries increased to 4,700 in the fourth quarter at an average price of $69,000, and the company produced 10,142 vehicles in 2023.

The company began deliveries in Canada in December, and the electric vehicle maker now operates in 12 countries.

Nvidia increased 0.8% to $499.26 after the chipmaker launched a slower version of its gamin chip that met U.S. regulations for deliveries to its customers in China.

Alphabet Inc. decreased 0.01% to $140.21 after the company's Google agreed to settle a lawsuit sought by customers alleging that the search engine secretly tracked users browsing in private mode.

On February 5, 2024, the lawyers of both parties are expected to present settlement terms are expected to be presented to U.S. District Judge Yvonne Gonzalez Rogers in Oakland, California for his formal approval.

The lawsuit claimed to cover "millions" of users since June 1, 2016 and sought at least $5,000 damages per user for violating unauthorized federal wire tapping and privacy laws of California.