In trading on Tuesday, vehicle manufacturers shares were relative laggards, down on the day by about 4.4%. Helping drag down the group were shares of Arcimoto, down about 15.8% and shares of Tesla off about 8.8% on the day.
In early trading on Tuesday, shares of Cadence Design Systems topped the list of the day's best performing components of the Nasdaq 100 index, trading up 2.2%. Year to date, Cadence Design Systems has lost about 17.1% of its value.
What happened
At long last, it's official: Barring a shareholder revolt or a veto by regulators, Tesla (NASDAQ: TSLA) CEO Elon Musk will be buying Twitter (NYSE: TWTR) in a deal valued at $44 billion.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI World ETF (Symbol: URTH) where we have detected an approximate $109.1 million dollar inflow -- that's a 5.6% increase week over week in
The tech-heavy Nasdaq slumped more than 2% on Tuesday as nerves around Big Tech earnings this week added to worries over slowing global growth and a more hawkish Federal Reserve.
The auto industry's critical parts shortage due to supply chain constraints is a relatively temporary situation. Eventually it will straighten out and parts and computer chips will flow smoothly again. It's going to hurt sales now, of course, but over the long haul automakers wil
The first-quarter earnings season for the Auto-Tires-Trucks sector kicked off last week. So far this earnings season, three S&P sector components, namely Tesla TSLA, Genuine Parts Company GPC and PACCAR Inc. PCAR, have come up with quarterly numbers. Despite the indus
Major U.S. benchmark indexes staged a solid intraday rebound on Monday, driven by a rally in tech stocks as investors shed off fears arising from the strict lockdown in China due to surging COVID-19 cases. All the major indexes ended in positive territory.
U.S. stock indexes were set to open lower on Tuesday as investors waited to see if earnings from Big Tech companies this week will provide support to a market worried about high inflation and slowing global growth.
Believe it or not, Tesla (NASDAQ: TSLA) has been making electric cars for 10 years now. The electric vehicle (EV) trailblazer produced 2,600 vehicles in 2012, and its stock has returned more than 15,000% since then. Of course, it wasn't always smooth sailing, and the company flir
U.S. stock index futures slipped on Tuesday, as investors waited to see if earnings from Big Tech companies this week will provide support to a market worried about high inflation and slowing global growth.
One of Warren Buffett's favorite characteristics in a company is what he calls a moat. It's a strong competitive position that makes it difficult for rivals to take business. The technology industry isn't known for moats. In fact, it's famous for the opposite -- constant disrupti
The stock market has given investors a bumpy ride in 2022, particularly for those invested in the technology sector. The Nasdaq 100 index is down 19% year to date, but it has declined over 20% from its all-time high set in December 2021. That places it in bear market territory.
For Immediate ReleaseChicago, IL – April 26, 2022 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in
Elon Musk's move to buy Twitter for $44 billion has raised concerns about the depth of executive talent at his more valuable company, electric carmaker Tesla Inc, in case his attention is further divided by the social media platform.
Ford Motor Co on Tuesday will start regular manufacturing of its F-150 Lightning electric pickup truck, more than tripling planned annual production of the vehicle that now symbolizes the 118-year-old company's drive to retool for a new century.
Stock Market Futures Edge Lower Ahead Of Big Tech EarningsU.S. stock futures are in the red ahead of Tuesday’s opening bell. For the most part, this is the case as there are plenty of major data releases on tap. For starters, some of the biggest names in the tech indus
U.S. electric vehicle maker Tesla Inc is welcome to set up shop in India, make cars there for sale and export them, but must not import cars from China, the transport minister said on Tuesday.
HONG KONG (Reuters Breakingviews) - Elon Musk may not be concerned about making money from Twitter. But his $44 billion deal for the social media network has bought what could be a huge political headache.