Tesla Motors TSLA reported weaker-than-expected Q3 results, missing estimates on both fronts. The electric automaker posted its lowest profit in two years as it slashed prices to boost demand in the face of rising interest rates.S
The quarterly cycle has picked up notable steam this week, with a flurry of quarterly reports scheduled to come. The big banks helped kick off the period positively, with investors optimistic that this momentum can continue.
Wall Street struggled for gains and benchmark U.S. Treasuries reached a new 16-year high as market participants looked ahead to U.S. Federal Reserve Chairman Jerome Powell's impending remarks against a backdrop of solid earnings, mixed economic data and simmering geopolitical tensions.
Morning Markets The S&P 500 Index ( $SPX ) ( SPY ) is down -0.34%, the Dow Jones Industrials Index ( $DOWI ) ( DIA ) is down -0.44%, and the Nasdaq 100 Index ( $IUXX ) ( QQQ ) is down -0.14%. Stock index futures this morning are moderately...
In early trading on Thursday, shares of Netflix topped the list of the day's best performing components of the Nasdaq 100 index, trading up 16.2%. Year to date, Netflix registers a 36.4% gain.
High noon is approaching for the market's biggest stocks, as pressure grows on richly valued technology and growth companies to deliver robust earnings at a time when sky-high bond yields threaten to dull the allure of equities.
In early trading on Thursday, shares of Netflix topped the list of the day's best performing components of the S&P 500 index, trading up 15.8%. Year to date, Netflix registers a 36.0% gain.
Stocks have been struggling for direction, getting pulled downward by fears about the economy and then seeing big jumps when investors get a little less pessimistic. Thursday appeared to be a somewhat more upbeat day, as markets opened slightly higher, defying early declines in s
Wall Street's main stock indexes edged up on Thursday as Tesla and Netflix kicked the U.S. earnings season into high gear, while Treasury yields eased off session highs ahead of remarks from Federal Reserve Chair Jerome Powell.
Wall Street's main indexes opened higher on Thursday as Tesla and Netflix kicked U.S. earnings season into high gear, while Treasury yields eased off session highs ahead of remarks from Federal Reserve Chair Jerome Powell.
Wall Street's main indexes were set to open higher on Thursday as Tesla and Netflix kicked U.S. earnings season into high gear, while Treasury yields eased off session highs ahead of remarks from Federal Reserve Chair Jerome Powell.
The so-called "Magnificent Seven" stocks, a list that includes Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms, and Tesla (NASDAQ: TSLA), have led the market higher in 2023. And as a result, they continue to be on every investor's watch list.
Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.10%, and the Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.31%. Stock index futures this morning are moderately higher on some better-than-expected corporate earnings results. Netflix is up more than +12% in pre-market trading after it reported...
Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.
The United Auto Workers and the Detroit Three automakers are stuck in a standoff over wages and union representation at future electric vehicle battery plants, with Tesla and Chinese rivals looming over the bargaining tables.
December Nasdaq 100 E-Mini futures (NQZ23) are trending up +0.35% this morning as upbeat earnings results from Netflix overshadowed disappointing Tesla results while investors looked ahead to a speech by Federal Reserve Chairman Jerome Powell.
Tesla tumbled more than 7% on Thursday as Wall Street analysts questioned its ability to maintain the runaway growth that has for years set the electric-vehicle maker apart from other automakers.
December Nasdaq 100 E-Mini futures (NQZ23) are trending up +0.25% this morning as upbeat earnings results from Netflix overshadowed disappointing Tesla results while investors looked ahead to a speech by Federal Reserve Chairman Jerome Powell.
Tesla’s TSLA 10 consecutive quarter-long beat streak snapped as it reported lower-than-expected earnings for the third quarter of 2023. The electric vehicle (EV) behemoth reported earnings per share of 66 cents for the quarter und