Enthusiasm around DoorDash and Airbnb has now turned into concern among some Wall Street analysts.
 | MON, DEC 14, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 121.78 | -0.63 | -0.51% | | INTC | 50.47 | +0.74 | +1.49% | | DIS | 169.30 | -6.42 | -3.65% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | PFE | 39.21 | -1.91 | -4.64% | | AAL | 16.70 | -0.35 | -2.05% | | AAPL | 121.78 | -0.63 | -0.51% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 121.78 | -0.63 | -0.51% | | TSLA | 639.83 | +29.84 | +4.89% | | AMD | 94.78 | +3.13 | +3.42% | |
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Enthusiasm around DoorDash and Airbnb has now turned into concern among some Wall Street analysts. Shares of DoorDash fell more than 8% on Monday after an analyst at D.A. Davidson downgraded the food-delivery service to neutral from buy, noting the company's current valuation leaves little room for any performance hiccups. Airbnb, meanwhile, was downgraded to underperform from buy at Gordon Haskett. That firm said Airbnb is dramatically overvalued relative to other online travel agencies. The downgrade sent Airbnb shares down more than 6%.  Monday's decline marked the third straight loss for DoorDash since its IPO on Wednesday. Airbnb, meanwhile, has now fallen in back-to-back sessions since going public. Enthusiasm at the broader-market level has also tempered. The Dow Jones Industrial Average closed 184 points lower for the day, giving up a more than 200-point rally. The S&P 500 closed out the session down 0.4%. Those moves came as traders weighed the rollout of a coronavirus vaccine in the U.S. and the latest developments in the fiscal stimulus negotiations in Washington against the prospects of stricter lockdown measures across the country. Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories. |
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