The election-fueled market rally took a breather, with major U.S. indexes falling at midday Tuesday as some of the big winners following Donald Trump’s victory in the U.S. presidential race lost ground.
Tesla (TSLA) shares, which had soared in anticipation of easing regulations and benefits from CEO Elon Musk’s ties to the incoming administration, fell for the first time since last Monday.
After hitting record highs on excitement about Trump’s call to make the U.S. the “crypto capital of the planet,” the price of Bitcoin pulled back, and other major cryptocurrencies traded lower. That drove down shares of crypto-related companies including Coinbase Global (COIN), Riot Platforms (RIOT), and Marathon Digital parent MARA Holdings (MARA).
Mosaic (MOS) shares slumped after the fertilizer maker missed profit and sales estimates as its business was hurt by recent hurricanes. Mosaic also announced the resignation of its CFO.
Tyson Foods …