Tag Archives: Plunge

[unable to retrieve full-text content]Stock Market Today: Meta plunge pulls stocks lower; Google, Microsoft on deck  TheStreet Source link

[unable to retrieve full-text content]Elon Musk’s Robotaxi Dreams Plunge Tesla Into Chaos  Yahoo Finance Source link

Boeing (BA) stock tumbled on Monday, falling more than 8% in morning trading after the Federal Aviation Administration ordered the temporary grounding of some Boeing 737 Max 9 jets. The planes under question are fitted with a door plug that flew off an Alaskan Airlines plane midair on Friday. The order from the FAA will impact 171 planes. Friday’s incident isn’t the first time the 737 Max has been under scrutiny. Two fatal crashes in 2018 and 2019 that together killed all 346 passengers and… Source link

[unable to retrieve full-text content]MicroStrategy bought more than 8,800 bitcoins during 2022’s plunge  Yahoo Finance Source link

Homebuilder KB Home (KBH) reported revenue and profits that missed estimates in the fourth quarter as its net orders plunged and the value of its backlog fell 25% against the same quarter last year. The Los Angeles-based homebuilder posted quarterly results that missed Wall Street expectations, with earnings per share coming at $2.47 against $2.86 expected by Bloomberg consensus. Revenue in the quarter totaled $1.94 billion in Q4, less than the $1.98 billion expected by analysts compiled by… Source link

U.S. stocks descended Thursday morning as Wall Street reeled from another sizable rate hike by Federal Reserve officials and assessed similar moves by central bank officials across the Atlantic. A disappointing reading on consumer spending also weighed on sentiment. The European Central Bank and the Bank of England followed the U.S. Fed in raising interest rates by 50 basis points Thursday morning. The BoE’s hike brought rates in the country to their highest since 2008. The S&P 500 (^GSPC)… Source link

Elon Musk fan Cathie Wood seized a sizable chunk of Tesla stock (TSLA) late Wednesday after the stock extended a recent skid to its lowest level in more than two years. ARK Invest, Wood’s investment management firm, snapped up 74,862 shares of the electric-vehicle maker across three of her exchange-traded funds, according to a daily transaction report sent via email. The purchase was valued around $11.7 million, based on Wednesday’s closing price of $156.80. The snap-up by ARK also comes… Source link

Cryptocurrencies plunged Tuesday as investors digested an emergency deal struck for an undisclosed sum between major crypto exchanges Binance and FTX. Bitcoin (BTC-USD) tumbled 13% over the last 24 hours from $19,800 to a period low of $17,603, the largest one-day drop since June. It has since recovered above $18,600 per coin. The second largest cryptocurrency, ether (ETH-USD) sold off by 15% on the day from $1,468 to $1,318. FTX’s exchange token FTT, fell by as much as 84% on the day from… Source link

U.S. stocks tumbled in volatile trading Wednesday afternoon as the Federal Reserve dealt another outsized interest rate hike in its fight against stubborn inflation. The U.S. central bank lifted its benchmark policy rate by 0.75% for a third consecutive time, bringing the federal funds rate to a new range of 3.0% to 3.25% — its highest level since 2008 — from a current range between 2.25% and 2.5%. The S&P 500 and Dow Jones Industrial Average each shed around 1.7%, while the… Source link

Morgan Stanley expects the S&P 500 to plunge another 17%-27% within the next four months — use these 3 top recession-resistant stocks for protection If you think the stock market selloff has come to an end, Morgan Stanley has some bad news. The S&P 500 is already down 14% year to date, but the Wall Street juggernaut believes the market has yet to hit a bottom. “Our ’22/’23/’24 base case estimates are now 3%/13%/14% below consensus, respectively,” a team of Morgan Stanley analysts led by… Source link