The dollar jumped on Tuesday as oil prices sank, while U.S. stocks bucked a global equities rally in a macro-packed week that could offer a steer on when and where U.S. interest rates might peak.
Wall Street's main indexes closed lower on the first trading day of 2023 with the biggest drags from Tesla and Apple, while investors worried about the Federal Reserve's interest-rate hiking path as they awaited minutes from its December meeting.
The dust has yet to settle on the dismal year Wall Street just had, as the major indexes continue to slide into 2023. The Dow pared much steeper losses in its final hour of trading, though it still finished the day in the red alongside the Nasdaq and S&P 500. Tech was hit t
Wall Street's main indexes closed lower on the first trading day of 2023 with big drags from Tesla and Apple, while investors worried about the Federal Reserve's interest-rate hiking path as they awaited minutes from its December meeting.
Consumer stocks were mostly lower in Tuesday trading, with the Consumer Staples Select Sector SPDR Fund (XLP) and the Consumer Discretionary Select Sector SPDR Fund (XLY) both retreating about 0.5%.
(RTTNews) - South Korea's antitrust regulator has reportedly slapped a 2.85 billion won or $2.2 million fine on Tesla (TSLA), for overstating its car's driving range in low temperatures.
Wall Street's main indexes dropped on the first trading day of 2023 with big drags from Tesla and Apple, while investors worried about the Federal Reserve's interest-rate hiking path as they awaited minutes from its December meeting.
(RTTNews) - Tom Zhu, Tesla's China head, has been promoted to take over responsibilities of the electric carmaker's U.S. assembly plants as well as sales operations in North America and Europe, according to Reuters.
Consumer stocks were mostly lower in Tuesday trading, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 1.0% and the Consumer Discretionary Select Sector SPDR Fund (XLY) retreating 1.5%.
The dollar jumped on Tuesday as oil prices sank, while U.S. stocks bucked a global equities rally in a macro-packed week that could offer a steer on when and where U.S. interest rates might peak.
What happened
Stocks of Chinese electric vehicle (EV) makers have been under pressure recently as expectations about their sales have dropped. Nio (NYSE: NIO) lowered its fourth-quarter delivery estimates by about 15% in a late-December update as Chinese government restrictions m
Stocks are off to a rocky start to kick off the new year, as early gains appear to have evaporated with markets beginning to trend lower. The Nasdaq shot up over 1% in the first few minutes of the trading day, but has since moved sharply lower and is now down more than 1%
Wall Street's main indexes dropped on the first trading day of 2023 due to heavy losses in Tesla and Apple, while investors awaited minutes from the last policy meeting of the Federal Reserve for more clarity on the path of interest rate hikes.
NEW YORK (Reuters Breakingviews) - Tesla made its name – and its once-$1 trillion valuation – by proving skeptics of its manufacturing prowess wrong. The question now is whether there’s enough demand to keep boss Elon Musk’s electric-ve
The iShares Russell Top 200 ETF is seeing unusually high volume in afternoon trading Tuesday, with over 333,000 shares traded versus three month average volume of about 102,000. Shares of IWL were off about 0.8% on the day.
Components of that ETF with the highest volume on Tu
Tesla Motors TSLA reported record deliveries for the fourth quarter but fell short of the analysts’ estimates due to logistics problems, slowing demand, rising interest rates and fears of recession. The miss has only added to the company’s pains of share price slide, surg
Wall Street's main indexes fell on the first trading day of the year following declines in Apple and energy stocks, with investors awaiting the Federal Reserve's meeting minutes for further clarity on the path of future interest rate hikes.
In early trading on Tuesday, shares of Pinduoduo topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.9%. Year to date, Pinduoduo registers a 6.9% gain.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $2.0 billion dollar inflow -- that's a 1.4% increase week over week in outstanding u
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