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The S&P 500 ended higher on Monday, lifted by energy stocks following surprise cuts to the OPEC+ group's oil output targets, while Tesla tumbled after its electric vehicle deliveries for the first quarter disappointed investors.

Consumer stocks were mixed late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 0.7% while the Consumer Discretionary Select Sector SPDR Fund (XLY) was down 0.8%.

Wall Street was mixed on Monday as rising oil prices rekindled worries about interest rate hikes, while Tesla tumbled after its electric vehicle deliveries for the first quarter disappointed investors.

What happened Monday dawned darkly for investors in stocks tied to the electric car industry, as investors in EV start-up Canoo (NASDAQ: GOEV), solid-state battery researcher QuantumScape (NYSE: QS) and luxury EV maker Lucid Group (NASDAQ: LCID) all reacted negatively to news of

Consumer stocks were mixed Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) rising 0.5% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 1.5%.

Monday, high-flying tech stocks took a much-needed breather, albeit a mild one. After gaining 3.23% last week and more than 20% in the first quarter of 2023, the red-hot, tech-heavy Nasdaq 100 ETF (QQQ) fell less than a percent. Nevertheless, select growth stocks such as

The S&P 500 and the Nasdaq fell on Monday as rising oil prices rekindled concerns that the U.S. Federal Reserve will stick to its rate-hike campaign for longer to temper inflation, while a slump in Tesla shares also pressured the benchmark index.

What happened The S&P 500 is off to a bearish start this week, and shares of EV manufacturer Rivian (NASDAQ: RIVN) are driving in a similar direction. The company announced first-quarter 2023 production figures this morning, and the update is doing little to charge up investo

Tesla Motors TSLA reported record deliveries for the first quarter fueled by higher demand due to big price cuts across the globe.This has put ETFs having a substantial allocation to this luxury carmaker like MeetKevin Pricing Power ETF PP, Consumer Discretionary Select S

Top global automakers reported a rise in first-quarter U.S. sales on improving shipments to dealers, with the exception of Toyota Motor Corp, which continued to grapple with parts shortage, data showed on Monday.

Tesla (NASDAQ: TSLA) is the undisputed leader of the electric vehicle industry. It produces and sells the most cars, and it also maintains the highest profit margins. But competition is growing, and Tesla is facing threats not only from electric vehicle start-ups, but also establ

Starting this year, Tesla TSLA changed the prices of its models quite a few times and registered a record number of quarterly deliveries.During first-quarter 2023, the company delivered 422,875 vehicles compared with 310,048 reported in the same period of 2022 and 405,278

What happened Tesla (NASDAQ: TSLA) released its first-quarter delivery data yesterday, and the stock is in decline as a result. The company delivered a record 422,875 electric vehicles (EVs) in the first quarter, but some investors were still disappointed. Shares were down by 5.2

In early trading on Monday, shares of Diamondback Energy topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.6%. Year to date, Diamondback Energy registers a 5.3% gain.

In early trading on Monday, shares of Marathon Oil topped the list of the day's best performing components of the S&P 500 index, trading up 9.7%. Year to date, Marathon Oil has lost about 2.9% of its value.

Tesla Inc shares fell 5% on Monday, dragged down by growing worries about the electric-vehicle maker's profit margins after aggressive price cuts led to only a modest increase in quarterly deliveries.

The tech-heavy Nasdaq Composite Index wrapped up its best quarter since 2020, climbing 16.8%. The massive rally was brought in by Silicon Valley Bank’s collapse earlier in March, leading to worries about monetary tightening conditions.Invesco QQQ QQQ, which serves as a pr

Tesla Inc shares fell about 4% on Monday, dragged down by growing worries about the electric-vehicle maker's profit margins after aggressive price cuts led to only a modest increase in quarterly deliveries.

U.S. stock indexes were mixed on Monday as rising oil prices stoked concerns about more interest rate hikes from the Federal Reserve to temper inflation, while a jump in shares of energy firms helped stem losses.

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