Stocks rebounded on Thursday, erasing earlier losses as investors rotated back into the tech sector. The Dow and Nasdaq scored triple-digits gains, with the latter enjoying strong earnings from Tesla (TSLA) and a weaker U.S. dollar, while the S&P 500 saw a more modest pop.
U.S. stocks ended higher on Thursday as electric automaker Tesla rose on its stronger-than-expected quarterly results, which helped offset a slide in telecom and energy shares.
Tesla Inc is falling short of CEO Elon Musk's target to make its own next-generation batteries, sparking questions over the top electric car maker's ability to maintain its blistering expansion of auto production next year and beyond.
(RTTNews) - In early 2021, electric car maker Tesla Inc. (TSLA) invested $1.5 billion in bitcoin, cashing in on what it believed was the digital currency's "long-term potential." However, fast forward to mid-2022, the company has already ditched nearly three-quarters of its holdi
The euro rose against the U.S. dollar in a choppy session on Thursday, after the European Central Bank (ECB) delivered a 50 basis points rate hike to tame inflation in its first rate increase since 2011.
The Nasdaq edged higher on Thursday boosted by gains in electric automaker Tesla on its better-than-expected quarterly results, which helped offset a slide in telecom and energy shares.
Ford Motor Co on Thursday said it will import lower-cost lithium iron batteries for its North American electric pickup trucks and SUVs from Chinese battery champion CATL, as it works on a broader alliance with CATL and an array of separate deals to secure battery and battery materials into the next decade.
The Nasdaq and the S&P 500 rose on Thursday as gains in electric automaker Tesla following its strong quarterly results helped offset a slide in telecom and energy shares.
What happened
Today, cryptocurrency investors are seeing some consolidation following a rally this week that brought the crypto sector above the important $1 trillion valuation mark. With the overall market down 5.5% over the past 24 hours as of this morning's session, it's clear
Investors in Tesla Inc (Symbol: TSLA) saw new options begin trading today, for the April 2023 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 274 days until expiration the newly trading contracts represen
Tesla (NASDAQ: TSLA) battled several headwinds in the second quarter ended June 30, including a difficult macroeconomic environment and COVID-related lockdowns leading to a three-week closure at Gigafactory Shanghai in China. But the trouble didn't stop there. Shortly after the f
Stock Market Today Mid-Morning UpdatesOn Thursday morning, the Dow Jones Industrial Average tumbled over 250 points. This could be. due to worse-than-expected jobless claims and manufacturing data. Weekly jobless claims jumped to 251,000 from 244,000 the prior week. Es
What happened
Shares of Tesla (NASDAQ: TSLA) were spiking this morning after the electric vehicle (EV) maker reported strong second-quarter results. While revenue was below Wall Street's expectations, the company's earnings far exceeded analysts' consensus estimate.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Growth ETF (Symbol: IWF) where we have detected an approximate $396.8 million dollar inflow -- that's a 0.6% increase week over
In early trading on Thursday, shares of NetEase, topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.2%. Year to date, NetEase has lost about 1.7% of its value.
The euro jumped against the U.S. dollar before paring gains in a choppy session on Thursday, after the European Central Bank (ECB) delivered a 50 basis point rate hike to tame inflation in its first rate increase since 2011.
What happened
Cryptocurrencies took a breather this morning after a nice rally in recent days, as investors digest more macro news and as the electric car maker Tesla (NASDAQ: TSLA) announced that it had sold much of its Bitcoin (CRYPTO: BTC) holdings.
Tesla TSLA reported second-quarter 2022 earnings of $2.27 a share, up from the year-ago figure of $1.45 and surpassing the Zacks Consensus Estimate of $1.82. This marked the sixth straight earnings beat for the company. Higher-than-expected revenues from Services and Othe
The Nasdaq rose on Thursday as electric automaker Tesla topped Wall Street's profit target, while the benchmark S&P 500 edged lower due to losses in telecom stocks after AT&T cut its cash flow forecast.