PDD (PDD) shares were down more than 2% in Tuesday trading after Daiwa downgraded the company's stock to hold from buy and adjusted its price target to $80 from $145.
Trading volume stood at over 5.6 million shares compared with a daily average of roughly 9 million.
Price: $76.45, Change: $-1.66, Percent Change: -2.13%
Primoris Services (PRIM) said late Monday its chief operating officer, Jeremy Kinch, is departing from the company, effective immediately.Also, Primoris expects lower revenue and gross profit for 2026, primarily driven by its Renewables business, as cost overruns and delays were identified, according to a statement.For 2026, the company now expects adjusted EPS of $2.05 to $2.60, down from the prior outlook of $4.80 to $5.00. Analysts polled by FactSet expect $4.85.Shares of Primoris Services were down more than 32% in after-hours activity.
Top cryptocurrencies were mixed on Monday, with Bitcoin (BTC-USD) holding above the $64,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, fell almost 0.5% in the past 24 hours. The Nasdaq 100 fell 0.4%, the S&P 500 lost 0.5%, and the Dow Jones Industrial Average rose 0.2%.Bitcoin gained 0.3% at $64,253, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 90.9% to $27.24 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, fell 0.2% to $1,729.XRP (XRP-USD) fell 1.3%, BNB (BNB-USD) was down 0.1%, and Solana (SOL-USD) dropped 2.3%. Dogecoin (DOGE-USD) fell 1.2%, and Cardano (ADA-USD) decreased 2.2%.The US 10-year Treasury yield stood at 4.509% at 3 p.m. ET Monday, up from 4.445% Thursday, while the five-year yield rose to 4.288% from 4.218%.The total market value of the cryptocurrency industry rose 0.1% in the past 24 hours to $2.2 trillion, and trading volume increasing 58.2% to $71.98 billion.Price: $64373.36, Change: $+1131.10, Percent Change: +1.79%
Tesla (TSLA) is facing a special crash investigation by the National Highway Traffic Safety Administration after a Model 3 slammed into a house near Houston last week, killing one person, the Wall Street Journal reported Monday, citing the auto-safety regulator.The driver told law enforcement he was using Tesla's automated driving assistance system when the crash occurred, according to a statement by the Harris County Sheriff's Office, the media outlet added.Tesla and NHTSA did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $405.21, Change: $+4.72, Percent Change: +1.18%