Tag Archives: Stock

U.S. stock futures pulled back early Tuesday as Wall Street processed hawkish rate talk from Federal Reserve officials and awaited comments from Chair Jerome Powell. Futures tied to the S&P 500 (^GSPC) dropped 0.5%, while futures on the Dow Jones Industrial Average (^DJI) shed 150 points, or 0.4%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) declined by 0.7%. Fed chief Powell is scheduled to participated in a panel discussion at the Sveriges Riksbank International Symposium on… Source link

Tesla’s beat-up stock (TSLA) price may have one more move left in it to the downside before buyers could finally emerge with a little gusto. At least that’s the message from Tesla’s stock chart. “Tesla is now officially oversold,” said market technician and Fundstrat Managing Director Mark Newton on Yahoo Finance Live (video above). “I’m looking right down under $100 right before Tesla’s earnings happen right towards the end of the month, and that’s when a lot of my own cycles start to show… Source link

U.S. equity futures crept higher early Monday as stocks attempted to sustain momentum from their first big rally of the year last week. Futures tied to the S&P 500 (^GSPC) rose 0.4%, while futures on the Dow Jones Industrial Average (^DJI) added 95 points, or 0.3%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were up 0.4%. Shares of Bed Bath & Beyond (BBBY) gained 19% in pre-market trading — at one point ripping as much as 75% higher — after wiping out nearly half of their… Source link

Bed Bath & Beyond hasn’t filed for bankruptcy (yet), which looks to be keeping hopes alive among the few remaining bulls on the stock. Shares of the near-death retailer shot up as much as 75% in pre-market trading on Monday before giving back some of its gains to be up about 40% as of around 6:00 AM ET. The speculative move in the stock comes ahead of Bed Bath & Beyond’s highly-anticipated earnings on Tuesday. Chatter has been the company would declare bankruptcy prior to its earnings… Source link

Tesla (TSLA) stock fell early Friday after the company cut the price on two of its models in China, the automaker’s second cut in three months as it battles waning demand in the country. Tesla cut prices on its China Model 3 by 13.5%, which now starts at $33,515, and its Model Y by 10%, which now starts at $37,899, according to calculations from Reuters. Shares of the company fell more than 7% at the market open on Friday following the news, setting a new 52-week low for the automaker. Tesla… Source link

U.S. stock futures were higher Friday morning after the December jobs report showed the economy added more jobs than expected in the final month of 2022. About 40 minutes before the market open, futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) were up about 0.9%, while contracts on the technology-heavy Nasdaq Composite (^IXIC) were higher by closer to 1%. The Labor Department’s final jobs report of 2022 showed the economy added 223,000 jobs last month while the… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Friday, January 6, 2023 Today’s newsletter is by Alexandra Semenova, markets reporter at Yahoo Finance. Follow Alexandra on Twitter @alexandraandnyc. Read this and more market news on the go with the Yahoo Finance App. Investors have heard the adage a lot lately — good news is bad news, and vice versa. In today’s economy, positive data on job… Source link

David Ramos Microsoft Wants To Bring ChatGPT To Bing The Information reported an exclusive on Microsoft’s (NASDAQ:MSFT) intentions to upgrade Bing (Microsoft’s search engine), leveraging its investments in ChatGPT to take on Google search (GOOGL) (GOOG) more aggressively. However, before any Google bulls get overly worried, Google is still the king, with an 85% market share compared to Bing’s 9% share. Therefore, Microsoft has plenty of ground to make up before it can even dislodge Google as… Source link

The end may be near for Bed Bath & Beyond (BBBY). In a statement published before the market open on Thursday, the company said bankruptcy is on the table as it works to shore up its leaky balance sheet amid continued financial struggles. “The Company continues to consider all strategic alternatives including restructuring or refinancing its debt, seeking additional debt or equity capital, reducing or delaying the Company’s business activities and strategic initiatives, or selling assets,… Source link

Veteran tech watcher Paul Meeks says the bears may have more meat to rip apart from the carcass that is Tesla’s stock price. “Unfortunately, if you’re a chartist, a technical analyst, there is no floor on this stock,” Meeks, a portfolio manager at Independent Wealth Solutions, said on Yahoo Finance Live (video above). “Does it go all the way back down to $29? I actually, over the next couple of years, wouldn’t be surprised.” Tesla shares last traded under $30 a share back in Jan. 2020, per… Source link