Wall Street's main indexes pushed higher on Wednesday in a broad rally after upbeat consumer confidence and other economic data and hopeful developments about the severity of the Omicron coronavirus variant that is sweeping the world.
In trading on Wednesday, the Lithium ETF is outperforming other ETFs, up about 2% on the day. Components of that ETF showing particular strength include shares of Tesla, up about 7.1% and shares of FMC, up about 1.5% on the day.
Tesla Inc shares surged 7% on Wednesday after Chief Executive Elon Musk said in an interview he has sold "enough stock" following several weeks of share sales by the billionaire.
The S&P 500 and the Nasdaq climbed on Wednesday on a boost from Tesla shares, while better-than-expected economic data added to signs the impact of the Omicron variant of the coronavirus on the economic recovery could be limited.
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard Total World Stock ETF (Symbol: VT) where we have detected an approximate $358.5 million dollar inflow -- that's a 1.4% increase week over w
What happened
Tesla (NASDAQ: TSLA) stock has been on a downslide as CEO Elon Musk slowly worked on unloading the 10% of his shares he publicly said he was aiming for. The stock is down 13.5% over the past month. But shares perked back up Wednesday morning after Musk said in an in
Electric vehicle start-up Rivian Automotive's (NASDAQ: RIVN) November debut on Wall Street was one of the most hyped initial public offerings in recent memory. Its market cap is already more than $80 billion, and shareholders are hoping it becomes the next Tesla (NASDAQ: TSLA).
Stock Market Today Mid-Morning UpdatesOn Wednesday, the Dow Jones Industrial Average rose by 44 points in light of a key gross domestic product (GDP) revision. This comes as major stock indexes looked to add to Tuesday’s stock market rebound.
Major automakers are moving aggressively to take control of the supply chains needed to produce electric vehicles at scale -- and that's creating intriguing opportunities for auto investors. In this Motley Fool Live video, recorded on Dec. 9, Industry Focus host Nick Sciple and M
LONDON (Reuters Breakingviews) - Internal combustion engines may be the toxic assets of the electric-vehicle revolution. Volkswagen, Ford Motor and other industry veterans are rapidly shifting to battery-powered rides, while demand for automobil
U.S. stock index futures struggled for direction on Wednesday, cooling off after a day-earlier rally, as worries lingered about the new Omicron variant of the coronavirus and its impact on global economic recovery.
Nearly all automakers have been affected by the global shortage of semiconductors, specifically the kinds of sturdy old-school chips that are found throughout today's automobiles. Now, we're starting to see automakers respond by taking control of their chip supply chains -- and w
U.S auto safety regulators said Wednesday they have opened a formal safety investigation into 580,000 Tesla vehicles sold since 2017 over the automaker's decision to allow games to be played on the front center touchscreen.
The United States has enough reserves of lithium, copper and other metals to build millions of its own electric vehicles (EVs), but rising opposition to new mines may force the country to rely on imports and delay efforts to electrify the nation's automobiles.
Tesla CEO Elon Musk said he had sold "enough stock" to reach his plan to sell 10% of his shares in the world's most valuable car company, according to an interview released on Tuesday.
Once again, the Securities and Exchange Commission (SEC) has Tesla (NASDAQ: TSLA) in its sights -- this time over the controversial merger with SolarCity. While Tesla has managed to dodge serious consequences for transgressions in the past, some investors think this time might be
Ford Motor Company (NYSE: F) CEO Jim Farley has said he wants Ford to be the second-largest electric vehicle maker in the U.S. in two years, behind only Tesla (NASDAQ: TSLA). Is that realistic, particularly in light of archrival General Motors' (NYSE: GM) plan to go very big on e