The Dow Jones opened down 0.7%, the S&P 500 fell 1.1%, and the Nasdaq dropped 1.6%.

date
05/11/2025
Palantir fell by 7.7%, Nvidia dropped by 2.0%, targeted for shorting by the prototype character Michael Burry from the movie "The Big Short". Tesla dropped by 3.0%, with the door unable to open after a collision, resulting in the unfortunate deaths of five people, leading to Tesla being sued in the US. Uber fell by 7.3%, with Q3 adjusted EBITDA below expectations. Beyond Meat continued to fall by 9.4%, delaying the release of their third-quarter financial report. Sarepta Therapeutics plummeted by 36%, as their late-stage clinical trials for two gene-targeted therapies for Duchenne muscular dystrophy failed to meet the primary research goals.