The S&P 500 index closed slightly higher on Wednesday as investors grappled with mixed messages from Federal Reserve Chair Jerome Powell and U.S. economic data ahead of upcoming labor and inflation reports that are expected to determine the central bank's future rate hiking path.
The S&P 500 index edged lower on Wednesday as investors grappled with mixed messages from Federal Reserve Chair Jerome Powell and U.S. economic data ahead of February's labor and inflation reports.
The stock market has had the jitters this week, and Wednesday didn't give investors much more in the way of confidence. Extremely high expectations for short-term interest rates have more people convinced that a recession is imminent, and that sent some market benchmarks lower. T
The National Highway Traffic Safety Administration (NHTSA) on Wednesday said it is opening a new special investigation into a February fatal crash in California involving a Tesla Model S where an advanced driver assistance system was suspected of having been used.
The S&P 500 edged up on Wednesday after Federal Reserve Chair Jerome Powell did not commit to a 50 basis point rate hike in March, but strong labor market readings supported views that the U.S. central bank will stick to its hawkish policy for longer.
Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the DIREXION DAILY SEMICONDUCTOR BULL 3X SHARES, where 6,450,000 units were destroyed, or a 2.0% decrease week over week.
Piedmont Lithium Inc's shares rebounded from early losses on Wednesday sparked by comments from short seller Blue Orca Capital, which alleged that mining licenses in Ghana obtained by a company it invested in were through what appeared to be "textbook corruption".
In early trading on Wednesday, shares of CrowdStrike Holdings topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.7%. Year to date, CrowdStrike Holdings registers a 23.1% gain.
Piedmont Lithium Inc's shares fell 5% in early trading on Wednesday after short seller Blue Orca Capital alleged that mining licenses in Ghana obtained by a company it invested in were through what appeared to be "textbook corruption".
In early trading on Wednesday, shares of Occidental Petroleum topped the list of the day's best performing components of the S&P 500 index, trading up 4.1%. Year to date, Occidental Petroleum registers a 0.5% gain.
U.S. stock indexes struggled for direction on Wednesday as investors worried about a potential recession, a day after comments from Federal Reserve Chair Jerome Powell fueled bets of sharper rate hikes.
Tesla will eliminate the use of rare earths in its next-generation electric vehicles (EV). The big reveal at the company's investor day last week caused a sell-off in shares of both Chinese and Western
producers.
Wall Street was set for a subdued open on Wednesday as investors worried about a potential recession after comments from Federal Reserve Chair Jerome Powell a day earlier fueled bets of aggressive monetary policy tightening.
Tesla (NASDAQ: TSLA) is the undisputed leader among these four EV stocks. However, that doesn't automatically make it the best stock to buy when you compare it to Rivian (NASDAQ: RIVN), Lucid (NASDAQ: LCID), and Nio (NYSE: NIO). This video will let you know which one is the best
Several stocks plummeted or soared yesterday on news that S&P was removing or adding them to its S&P Mid-Cap 400 and S&P Small-Cap 600 indexes.
Take Park Aerospace (NYSE: PKE), which dropped 10% upon news that it’d be removed from the S&P Small-Cap 600 index. Or Kennedy-Wilson (
The National Highway Traffic Safety Administration (NHTSA) said Wednesday it is opening a preliminary investigation into 120,000 2023 Tesla Model Y vehicles after two reports of steering wheels falling off while driving.
U.S. stock index futures edged higher on Wednesday after hawkish comments from Federal Reserve Chair Jerome Powell fueled a selloff on Wall Street a day earlier, stoking concerns about a sharp recession and putting focus on the upcoming labor market data.
U.S. stock index futures edged higher on Wednesday as investors digested hawkish comments from Federal Reserve Chair Jerome Powell that fueled a selloff on Wall Street a day earlier and put a sharp focus on the upcoming labor market data.
Tesla's (NASDAQ: TSLA) previous price cuts were met with similar moves from competitors. That has the effect of bringing down profit margins industrywide. This video explains what it could mean for Tesla stock investors.