Wall Street fell on Wednesday as a two-day rally in U.S. stocks was cut short by rising Treasury yields after data showed firm demand in labor market despite rising interest rates.
What happened
Tesla (NASDAQ: TSLA) shares have now plunged more than 20% in less than 20 days. There are several reasons for that, but a new catalyst now has the drop gaining momentum. Today, as of 10:34 a.m. ET, the stock is trading at its morning lows down 5.4%.
U.S. stocks fell on Wednesday as a two-day rally in growth stocks was cut short by rising Treasury yields after data showed despite rising interest rates, the demand in labor market remained firm and the services industry slowed modestly.
Elon Musk and Twitter Inc have not yet reached an agreement to end the litigation and clear the way for the world's richest person to close his $44-billion deal for the social media platform, two sources familiar with the litigation told Reuters on Wednesday.
The NASDAQ 100 Pre-Market Indicator is down -110.1 to 11,472.44. The total Pre-Market volume is currently 25,799,872 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is -0.71 at $21.87, with 7,178,261 shares traded.
Elon Musk's U-turn on buying Twitter Inc could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant losses.
Elon Musk's rocket company SpaceX was due to launch the next long-duration crew of the International Space Station into orbit on Wednesday, with a Russian cosmonaut hitching a ride with two Americans and a Japanese astronaut as part of the mission.
Elon Musk's U-turn on buying Twitter Inc could not have come at a worse time for the banks funding a large portion of the $44 billion deal and they could be facing significant losses.
MELBOURNE (Reuters Breakingviews) - Terry Kallis cancelled development of a 6-gigawatt green hydrogen facility in South Australia in May. His Kallis Energy Investments encountered an insurmountable problem: a lack of water. It’s just one o
Tesla (NASDAQ:TSLA) said that it had delivered 343,830 vehicles for the quarter ended in September, rebounding from about 255,000 deliveries in the prior quarter when sales were impacted by the suspension of production at the company’s Shanghai factory. While this marks a q
Tesla Inc said on Tuesday it will remove ultrasonic sensors from its vehicles starting this month, as it moves ahead with using only cameras in its safety and driver-assistant features.
What happened
Shares of Twitter (NYSE: TWTR) soared today after Elon Musk finally agreed to buy the social media company for $44 billion, the original price he offered several months ago. The Tesla CEO's decision appears to conclude several months of legal wrangling as Musk had s
NEW YORK (Reuters Breakingviews) - What still seemed like a coin-flip early on Tuesday became a real possibility in the afternoon: Elon Musk says he is actually going to buy Twitter for $44 billion. After nearly a half-year of ridiculous shenani
The S&P 500 index posted its biggest single-day rally in two years on Tuesday after softer U.S. economic data and Australia's smaller-than-expected interest rate hike stirred hope for less aggressive tightening by the Federal Reserve.
Wall Street rallied for a second straight day to end higher on Tuesday after softer U.S. economic data and a smaller-than-expected interest rate hike by the Australian central bank stirred hope that the Federal Reserve might temper its aggressive raising of rates.
Wall Street rallied for a second straight day on Tuesday after softer U.S. economic data led Treasury yields lower and Australia's central bank cut interest rates less than expected, providing hope that the Federal Reserve would soon temper its aggressive rate hikes.
What happened
Ford (NYSE: F) reported September sales in its monthly update today, a day after Tesla (NASDAQ: TSLA) shared its full third-quarter production and delivery report. While investors showed some disappointment with what Tesla said yesterday, the bulls are taking over t
The Nasdaq led Wall Street higher on Tuesday, powered by megacap growth and technology stocks as U.S. Treasury yields dipped, while Twitter Inc jumped on reports Elon Musk is proposing to go ahead with his original offer for the social media firm.
Ford Motor Co on Tuesday reported strong demand for new vehicles in the United States in September amid inflation worries but supply issues weighed on sales.
The S&P 500 Index was down 5.3% in the third quarter, its third consecutive quarter of losses for the first time since the 2008-09 financial crisis. The Dow plunged 6.7% and the tech-heavy Nasdaq lost 4.1%.