On December 18, 2024, the US stock market opened with mixed performance. The Dow Jones Industrial Average rose by 0.16%, the NASDAQ Composite fell by 0.16%, and the S&P 500 decreased by 0.09%.

In sector performance, the electric vehicle charging sector saw significant gains, with ChargePoint Holdings Inc. (CHPT) rising by 9.05%. Conversely, the Chinese education sector experienced a notable decline, with Tarena (TEDU) dropping by 13.00%.

Apple fell by 0.44%. The Dow Jones Industrial Average has been on a nine-day losing streak, marking the longest consecutive decline since 1978. Investors are focused on the upcoming Federal Reserve interest rate decision, which is causing market uncertainty.

NVIDIA rose by 2.15% after introducing a lower-priced version of its Jetson computer. This move is seen as a strategic effort to capture a larger market share in the AI computing sector.

Tesla Motors dropped by 2.85%. Despite closing at a record high recently, the stock faced a downturn. Baird maintained an 'Outperform' rating for Tesla and raised its price target from $280.00 to $480.00 per share.

Broadcom fell by 2.33%. Despite strong earnings growth in its fiscal fourth-quarter report, concerns about the demand for AI chips have led to a decline in stock price. Comments from Microsoft CEO Satya Nadella about having plenty of chips and needing more power have raised fears of potential oversupply.

Meta Platforms Inc. saw a slight increase of 0.02%. According to research firm Emarketer, Instagram is expected to account for more than half of Meta's ad revenue in the US by 2025, with ad revenue projected to exceed $32 billion, growing by over 24%.

Amazon.com decreased by 0.30%. JP Morgan maintained an 'Overweight' rating for Amazon and raised the price target from $250.00 to $280.00 per share.

Alphabet fell by 0.21%. JP Morgan maintained Alphabet's rating at Overweight and raised the price target from $212.00 to $232.00 per share.

Jabil surged by 11% in premarket trading after reporting adjusted core earnings of $2 per share for its first fiscal quarter, beating Wall Street's estimate of $1.88. The company also exceeded revenue expectations with net revenue of $7 billion compared to the consensus estimate of $6.6 billion.

General Mills reported better-than-expected fiscal second-quarter earnings but lowered its fiscal-year outlook. The company reported net sales of $5.2 billion for the quarter, a 2% increase from the prior year. However, General Mills slashed its guidance for the fiscal year citing an uncertain macroeconomic backdrop.