Global hedge funds have reduced their exposure to the so-called Magnificent Seven stocks while increasing their allocation to other technology, media and telecommunications (TMT) companies, according to Morgan Stanley.
Global hedge funds have reduced their exposure to the so-called Magnificent Seven stocks while increasing their allocation to other technology, media and telecommunications (TMT) companies, according to Morgan Stanley.
U.S. stocks closed barely changed on Friday, after wavering between modest gains and losses, as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve.
U.S. stocks closed barely changed on Friday, after wavering between modest gains and losses, as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve.
U.S. stocks closed barely changed on Friday, after wavering between modest gains and losses, as mixed bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve.
Today, we Unusual Whales saw tons of unusual options activity, order flow, stock volume, and general options flow. Let's look at some for Tesla (TSLA).
Consumer stocks were mixed late Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) edging up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1.3%.
The worst performing sector as of midday Friday is the Consumer Products sector, showing a 0.5% loss. Within that group, VF Corp. (Symbol: VFC) and Tesla Inc (Symbol: TSLA) are two large stocks that are lagging, showing a loss of 4.6% and 3.7%, respectively. Among consumer pr
U.S. stocks clung near the unchanged mark on Friday, oscillating between modest gains and losses, as a mixed bag of big bank earnings offset a cooler-than-expected inflation report that lifted hopes for interest-rate cuts from the Federal Reserve.
Consumer stocks were mixed Friday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) edging up 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) falling 1%.
What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.21%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.25%. Stocks this morning gave up early gains and are...
LG Electronics on Friday opened its first factory in the U.S. for assembling electric-vehicle charging stations as the South Korean electronics giant looks to capture a share in the fast-growing market dominated by market leader ChargePoint.
Wall Street's main indexes were subdued after giving up early gains on Friday, as a mixed bag of big bank earnings took the sheen away from a softer-than-expected inflation report that boosted hopes for an early start to interest-rate cuts.
Automakers Tesla and Geely-owned Volvo Car said they were suspending some production in Europe due to a shortage of components, the first clear sign that attacks on shipping in the Red Sea are hitting manufacturers in the region.
European Commission investigators are to inspect Chinese automakers in the coming weeks as part of a probe into whether to impose punitive tariffs to protect European electric vehicle (EV) makers, three people involved in the process said.
It was a slightly slower news week as the markets prepare for earnings season to hit in full force, but there were plenty of headlines to go around within the automotive sector. One piece of news that hit young electric vehicle (EV) automakers hard was the announcement by Hertz G
Morning Markets March E-Mini S&P 500 futures (ESH24 ) are down -0.07%, and March Nasdaq 100 E-Mini futures (NQH24 ) are down -0.09%. Stock index futures this morning erased most of their overnight losses as bond yields fell on a friendly U.S. Dec PPI report, bolstering expectations for Fed rate...
In early trading on Friday, shares of Cognizant Technology Solutions topped the list of the day's best performing components of the Nasdaq 100 index, trading up 3.0%. Year to date, Cognizant Technology Solutions registers a 2.1% gain.
And the worst performing Nasdaq 100 compo
Wall Street's main indexes climbed on Friday as a softer-than-expected inflation report boosted hopes of an early start to interest-rate cuts, while investors assessed a mixed bag of earnings reports from major lenders.
Reuters
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