Consumer stocks were ending mixed in Thursday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) adding 0.1% this afternoon and the SPDR Consumer Discretionary Select Sector ETF (XLY) sliding 1.2%, giving back a midday advance.
Technology stocks continued to weaken this afternoon amid a Thursday surge in treasury yields that eroded support for growth stocks. At last look, the SPDR Technology Select Sector ETF (XLK) was dropping 1.6% and the Philadelphia Semiconductor Index was sliding 2.6% this afterno
Wall Street reversed course and turned negative on Thursday and bond yields surged as Federal Reserve Chairman Jerome Powell suggested the U.S. central bank would move aggressively to curb inflation.
NEW YORK (Reuters Breakingviews) - Elon Musk can finally say “funding secured” without getting into trouble. The Tesla boss angered U.S. securities regulators in 2018 by falsely claiming he was taking the electric carmaker private. O
The best performing sector as of midday Thursday is the Consumer Products sector, up 0.3%. Within that group, Tesla Inc (Symbol: TSLA) and Altria Group Inc (Symbol: MO) are two of the day's stand-outs, showing a gain of 4.7% and 2.7%, respectively. Among consumer products ETF
Wall Street's three main indexes fell on Thursday after Federal Reserve Chair Jerome Powell said a 50-basis point interest rate hike was "on the table", cementing expectations of aggressive policy tightening by the U.S. central bank.
Consumer stocks were mostly higher in Thursday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) and the SPDR Consumer Discretionary Select Sector ETF (XLY) both advancing 0.6%.
The S&P 500 and the Nasdaq reversed early gains on Thursday as bond yields hit fresh multi-year highs ahead of a speech by Federal Reserve Chair Jerome Powell, with investors worried about aggressive interest rate hikes this year.
Tesla (NASDAQ: TSLA) CEO Elon Musk is as polarizing of a figure as they come. On one hand, he has propeled the electric vehicle (EV) industry forward from a doubted concept to become a trend that legacy automakers are trying to ride. But he also receives criticism for actions lik
Tesla (NASDAQ: TSLA) just reported a record quarter, and investors are jumping in the stock because of it. Many investors wanting more exposure in the electric vehicle (EV) sector may be wondering if today's pop means it's too late to buy Tesla.
U.S. stocks rose on Thursday as a slew of upbeat earnings from companies including Tesla outweighed concerns about aggressive interest rates hikes that have kept bond yields elevated.
Tesla Inc's eye-popping profit margin has raised doubts among Wall Street analysts if the company would be able to keep at it amid rising commodity costs and higher expenses to increase production.
What happened
It's not often that a company with a $1 trillion market cap sees a daily stock move of more than 10%. But that's what's happening with Tesla (NASDAQ: TSLA) today. Shares of the EV trailblazer popped 11.8% just after the opening bell today. As of 10:11 a.m. ET, share
In early trading on Thursday, shares of Tesla topped the list of the day's best performing components of the Nasdaq 100 index, trading up 9.8%. Year to date, Tesla registers a 1.6% gain.
In early trading on Thursday, shares of United Airlines Holdings topped the list of the day's best performing components of the S&P 500 index, trading up 10.8%. Year to date, United Airlines Holdings registers a 17.7% gain.
Stock Market Today Mid-Morning UpdatesOn Thursday, the Dow Jones Industrial Average is up by over 300 points as investors digest Tesla’s (NASDAQ: TSLA) earnings today and await Federal Reserve Chairman Jerome Powell’s speech today, who will talk at 1:00 p.m. ET during
After the closing bell on Wednesday, Tesla Motors TSLA reported robust Q1 earnings, beating the estimates for both earnings and revenues. The electric carmaker posted record quarterly revenues and a big jump in profit margins.Following stronger-than-expected results, shar
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