The Chinese electric vehicle maker Nio (NYSE: NIO) was a favorite among investors at the height of the pandemic. Part of the exuberance for the company came from an overly optimistic view of how fast EV companies will grow. But Nio's stock has fallen 60% over the past year. This
In many ways, 2022 was a year like no other -- and not in a good way. Supply chain issues resulting from COVID-19, high inflation, rising interest rates, and the worst year on Wall Street since the Great Recession wreaked havoc on investor portfolios.
Electric vehicles (EVs) are quickly becoming a key part of automakers' lineups, and a recent survey by KPMG showed that auto executives believe EVs will account for up to 40% of their new-vehicle sales by 2030.
The S&P 500 and Nasdaq finished at their highest levels in a month on Friday, with shares of JPMorgan Chase and other banks rising following their quarterly results, which kicked off the earnings season.
U.S. stocks finished higher and registered a second straight week of gains on Friday, with shares of JPMorgan Chase and other banks rising following their fourth-quarter results, which kicked off the earnings season.
U.S. stocks were holding onto slight gains in late afternoon trading Friday, with shares of JPMorgan Chase and other banks up following their fourth-quarter results, which kicked off the earnings season.
What happened
Electric vehicle (EV) stocks were heading lower Friday, and there was a good explanation for it. At the lows of the session, China-based Nio (NYSE: NIO), luxury electric sedan maker Lucid Group (NASDAQ: LCID), and specialty delivery vehicle start-up Canoo (NASDAQ: G
The S&P 500 and the Nasdaq pared losses on Friday on the back of easing inflation expectations and better-than-feared results from some U.S. banks, while gains in UnitedHealth kept the Dow afloat.
The Invesco PureBeta MSCI USA ETF is seeing unusually high volume in afternoon trading Friday, with over 149,000 shares traded versus three month average volume of about 31,000. Shares of PBUS were down about 0.3% on the day.
What happened
Tesla (NASDAQ: TSLA) stock tumbled in early trading on the Nasdaq Friday, as investors considered whether new price cuts on some of Tesla's most popular cars might indicate waning demand -- and imperil profits at Tesla. But at the same time as investors are worrying
The stock market proved its resilience on Friday morning, as an initial drop for the Nasdaq Composite (NASDAQINDEX: ^IXIC) and other major stock indexes after the release of discouraging bank earnings reports proved to be short-lived. By 10:45 a.m. ET, the Nasdaq was back to unch
What happened
Tesla (NASDAQ: TSLA) stock fell to its lowest price in a week on Friday morning, down 5.9% as of 9:45 a.m. ET, after cutting prices steeply on both Model 3 electric sedans and Model Y crossovers in both the U.S. and Europe.
Wall Street's main indexes dipped on Friday as remarks from major U.S. bank executives deepened concerns about the Federal Reserve's monetary tightening slowing economic growth, while Tesla slumped on news of price cuts.
Wall Street's main indexes were poised to open lower on Friday as remarks from major U.S. bank executives deepened concerns about the Federal Reserve's monetary tightening impacting economic growth, while Tesla slumped on news of price cuts.
The NASDAQ 100 Pre-Market Indicator is down -111.96 to 11,347.65. The total Pre-Market volume is currently 78,219,354 shares traded.The following are the most active stocks for the pre-market session: Bed Bath & Beyond Inc. (BBBY) is -0.11 at $5.13, with 12,332,922 shares tr
U.S. stock index futures extended falls on Friday, as quarterly results from some major U.S. banks added to concerns that the Federal Reserve's aggressive monetary policy tightening has started taking a toll on economic growth.
When investors think of owning shares in Tesla (NASDAQ: TSLA), they often think of owning shares in a company that will eventually dominate the automotive industry.
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