Tag Archives: sinks

(Bloomberg) — DiDi Global Inc. tumbled Monday, after the Chinese ride-hailing giant said it’s planning to delist its U.S.-traded shares before it finds a new venue for the stock. Most Read from Bloomberg DiDi’s American depositary receipts sank 18% to $2.01 after it set an extraordinary general meeting for May 23 to vote on delisting its shares from the New York Stock Exchange. While the company will continue to explore listing on another internationally recognized exchange, DiDi said it… Source link

Shares of Russian search engine Yandex were poised to continue their precipitous decline on Monday as Western economies tightened sanctions following Russia’s invasion of Ukraine. Trading of Yandex (ticker: YNDX) stock was halted on the Nasdaq on Monday, citing news pending. Before the halt, the shares were down 21% to $14.90 in premarket trading. Yandex… Source link

(Bloomberg) — U.S. equity futures slid Monday, while bonds and commodities including oil rose, amid heightened market uncertainty after Western nations unveiled harsher sanctions on Russia for the invasion of Ukraine. Most Read from Bloomberg S&P 500 contracts and those for the technology-heavy Nasdaq 100 were down over 2%. European futures declined 4%. Oil and palladium jumped, with Brent crude again vaulting above $100 a barrel. Rallies in a dollar gauge, gold and Treasuries underlined the… Source link

(Bloomberg) — The ruble tumbled the most since March 2020 after President Vladimir Putin recognized self-declared separatist republics in east Ukraine, deepening a standoff with the West. Most Read from Bloomberg The ruble weakened beyond 80 per dollar during Putin’s televised address to Russians late Monday and stocks slumped as much as 18% in evening trading. Earlier in the day, the benchmark MOEX Russia equity index closed its main trading session down 11%, the biggest drop since… Source link

(Bloomberg) — Ford Motor Co. shares tumbled the most in almost two years after the automaker missed estimates for quarterly earnings and cautioned it may get off to a slow start to the year due to supply chain issues. Most Read from Bloomberg The carmaker posted earnings of 26 cents a share excluding some items for the last three months of 2021, trailing the 45-cent average analyst estimate. Shortages of critical components including semiconductors disrupted production and will weigh on… Source link

Kyle Kuzma nearly put the Chicago Bulls away on Saturday night with a clutch shot in the final seconds. But for the second straight night, DeMar DeRozan lifted the Bulls to a win with a buzzer-beater. Derozan drilled a wild contested corner 3-pointer over a pair of defenders as time expired to give Chicago a 120-119 win over the Washington Wizards at Capital One Arena. The Wizards led through most of the contest, but the Bulls finally tied things back up with just more than two minutes to… Source link

Stock futures sank Tuesday morning, with technology stocks leading the way lower as investors nervously eyed a swift rise in U.S. Treasury yields.  Futures on the Nasdaq, a proxy for technology and growth stocks, underperformed against the other two major stock indexes, dropping 1.5% ahead of the opening bell.  The rapid rotation away from growth and technology stocks came as Treasury yields added to recent gains. The yield on the benchmark 10-year note jumped more than 5 basis points to top… Source link

Stocks plunged on Monday, with major indices tumbling by over 1% at the opening bell, as investors nervously eyed the potential ripple effects of the default of a major Chinese real estate company, as well as ongoing debates over the debt limit in Washington.  After defying gravity for most of the summer, September is shaping up to be a tough month for markets, with major benchmarks in retreat for three consecutive weeks. At Wall Street’s opening bell, the Dow sank by more than 500 points,… Source link

For bitcoin, a stronger dollar outlook means more people will likely prefer to hold the buck, said one analyst. Photo: AP Bitcoin fell to a 6-month low on Tuesday, breaking a key support level of $30,000. Cryptocurrencies were broadly under pressure on Tuesday morning amid a market sell-off. Analysts said a strengthening dollar and a global move to de-risk investments was hitting the asset class. Bitcoin (BTC-USD) was down about 5.6% to trade at $29,834 (£21,832) on Tuesday morning in London…. Source link

In the latest trading session, Advanced Micro Devices (AMD) closed at $80.89, marking a -0.57% move from the previous day. This change lagged the S&P 500’s daily gain of 0.02%. Heading into today, shares of the chipmaker had gained 7.05% over the past month, outpacing the Computer and Technology sector’s gain of 2.08% and the S&P 500’s gain of 0.04% in that time. Investors will be hoping for strength from AMD as it approaches its next earnings release. On that day, AMD is projected to report… Source link