Auto & Energy Stocks Drive S&P 500 Lower

Dow falls nearly 300 points to snap four-day win streak, S&P 500 retreats from record (CNBC)

Morgan Stanley’s Jonas downgrades Ford and GM, citing China competition, problems with U.S. consumer (CNBC)

Nvidia Stock Edges Up. New Report Puts Numbers to AI Chip Growth. (Barron’s)

OpenAI Pitched White House on Unprecedented Data Center Buildout (Bloomberg)

Meta unveils $299 Quest 3S VR headset, Orion AR glasses prototype (CNBC)

US Mortgage Rates Fall Again, Triggering Big Wave of Refinancing (Bloomberg)

Online Holiday Spending Projected to Rise 8.4%, Most Since 2021 (Bloomberg)