The United Auto Workers and the Detroit Three automakers are stuck in a standoff over wages and union representation at future electric vehicle battery plants, with Tesla and Chinese rivals looming over the bargaining tables.
What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.85%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.75%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.85%. Stocks on Thursday closed moderately lower, with the...
Japan's Toyota Motor, the world's largest automaker by sales, said on Thursday it had signed an agreement to adopt Tesla's electric-vehicle charging technology from 2025.
U.S. stocks ended solidly lower on Thursday, with shares of Tesla falling after its results and Treasury yields surging as Federal Reserve Chair Jerome Powell spoke about monetary policy and investors worried whether interest rates would stay higher for longer.
U.S. stocks slid and 10-year U.S. Treasury yields reached a 16-year high after U.S. Federal Reserve Chairman Jerome Powell said that additional interest rate hikes could be warranted in view of economic resiliency and labor market tightness.
Fintel reports that on October 19, 2023, Citigroup maintained coverage of Tesla (NASDAQ:TSLA) with a Neutral recommendation. Analyst Price Forecast Suggests 0.42% Upside
Fintel reports that on October 19, 2023, Guggenheim reiterated coverage of Tesla (NASDAQ:TSLA) with a Sell recommendation. Analyst Price Forecast Suggests 0.42% Upside
Fintel reports that on October 19, 2023, Wedbush maintained coverage of Tesla (NASDAQ:TSLA) with a Outperform recommendation. Analyst Price Forecast Suggests 0.42% Upside
Fintel reports that on October 19, 2023, Morgan Stanley maintained coverage of Tesla (NASDAQ:TSLA) with a Overweight recommendation. Analyst Price Forecast Suggests 0.42% Upside
U.S. stocks ended lower on Thursday, with shares of Tesla down sharply and Treasury yields surging after Federal Reserve Chair Jerome Powell spoke about monetary policy and investors worried whether rates would stay higher for longer.
The United Auto Workers and the Detroit Three automakers are stuck in a standoff over wages and union representation at future electric vehicle battery plants, with Tesla and Chinese rivals looming over the bargaining tables.
U.S. stocks fell on Thursday, with Tesla down sharply, and afternoon trading was volatile as investors weighed comments from Federal Reserve Chair Jerome Powell and tried to determine whether the central bank would keep interest rates higher for longer.
Tech stocks were mixed Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) adding 0.2% and the Philadelphia Semiconductor index down 0.6%.
Shares of Lucid Group (NASDAQ: LCID) slipped 5.1% on Thursday morning and hit its 52-week lows of $4.30 per share. At a time when the electric vehicle (EV) maker is struggling to boost production and deliveries, Tesla's (NASDAQ: TSLA) warning about the economy and EV industry cam
The iShares S&P 100 ETF is seeing unusually high volume in afternoon trading Thursday, with over 1.9 million shares traded versus three month average volume of about 181,000. Shares of OEF were up about 0.4% on the day.
Components of that ETF with the highest volume on Thu
In trading on Thursday, the Uranium ETF is outperforming other ETFs, up about 1.7% on the day. Components of that ETF showing particular strength include shares of Laramide Resources, up about 3.5% and shares of F3 Uranium, up about 2.9% on the day.
And underperforming other
It shouldn't come as a surprise to investors that Tesla news moves other stocks in the electric vehicle (EV) sector. But Tesla's quarterly earnings report is only part of why Rivian Automotive (NASDAQ: RIVN) shares are sinking again today.
Wall Street's main indexes rose on Thursday after Federal Reserve Chair Jerome Powell said the U.S. central bank would be "proceeding carefully" on further interest rate hikes.
Tesla (NASDAQ: TSLA) stock crashed on Thursday and was trading 9.1% lower as of 12:15 p.m. ET after CEO Elon Musk tempered expectations for the long-awaited Cybertruck right after the company reported a sharp drop in profits for the third quarter.