U.S. stocks slumped in volatile trading on Friday with the tech-heavy Nasdaq heading for its worst week since March 2020, as fears over rising borrowing costs offset optimism about a strong economic rebound following blowout monthly jobs report.
What happenedShares of three prominent Chinese electric-vehicle makers were trading lower on Friday, amid a broad U.S. market sell-off of high-flying technology stocks.
In early trading on Friday, shares of Cisco Systems topped the list of the day's best performing components of the Nasdaq 100 index, trading up 2.8%. Year to date, Cisco Systems registers a 2.3% gain.
TikTok owner ByteDance is working on a Clubhouse-like app for China, sources familiar with the matter said, as the global success of the U.S.-based audio chat service inspires a rush of copycats in the country.
The S&P 500 edged higher in choppy trading on Friday after a three-day slide, as data showing faster-than-expected monthly jobs growth reinforced bets on an economic rebound driven by massive fiscal stimulus and vaccination drives.
The fastest-growing segment of GDP in 2020 was capital spending on automation. This could mean great things for more than just the bottom line of those companies providing such technologies.
Many Investors Continue To Favor EV Stocks, Should You Buy On The Dip?Electric vehicle (EV) stocks have drawn huge interest from investors over the last year. However, the recent declines among top electric vehicle stocks have investors scratching their heads for answers. It&rsqu
Ford Motor Company (NYSE: F) said that it sold 3,739 of its electric Mustang Mach-Es in the U.S. in February, a result that suggests demand for the company's first serious Tesla competitor is very high. Its overall U.S. sales fell 14.1% last month, as the company prioritized high
During several days of brutal cold in Texas, the city of Austin saw its fleet of 12 new electric buses rendered inoperative by a statewide power outage. That problem will be magnified next year, when officials plan to start purchasing electric-powered vehicles exclusively.
Exchange-traded funds (ETFs) offer a simple and powerful way to buy baskets of stocks. And they come in lots of flavors. Investors can easily find an ETF that aligns with their risk tolerance.Some of these funds are especially well-suited for aggressive investors willing to take
Despite the stock market's record-breaking volatility in 2020, investors have been treated well since the bear-market bottom on March 23, 2020. The tech-heavy Nasdaq Composite has nearly doubled, while the benchmark S&P 500 has gained 74%. These are huge moves that have hands
Volkswagen wants electric vehicles to make up the majority of European sales for its core brand by 2030, it said on Friday, the latest carmaker to accelerate the shift towards battery-powered models.
Stocks finished Thursday sharply lower, after investors reacted not so favorably to Federal Reserve Chairman Jerome Powell's comments regarding bond yields and inflation expectations. Most notably, Powell noted that the economic reopening could "create some upward pressure on p
Wall Street ended sharply lower on Thursday, leaving the Nasdaq down nearly 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields.
What happenedShares of electric-vehicle makers Fisker (NYSE: FSR) and Workhorse Group (NASDAQ: WKHS), and battery start-up QuantumScape (NYSE: QS) were all trading lower today amid a broad sell-off of tech-related growth stocks.
Wall Street ended sharply lower on Thursday, leaving the Nasdaq down around 10% from its February record high, after remarks from Federal Reserve Chair Jerome Powell disappointed investors worried about rising longer-term U.S. bond yields.
By Michael Paige Tesla is in the early days of its ambitious plans Perfect execution is needed to reach its bold targets If any doubt arises about its ability to execute, the stock will re-rate downwards significantly
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