TikTok said Saturday night that it’s shutting down its U.S. operations, complying with a U.S. law that banned the short video app if its Chinese parent Bytedance didn’t divest the business by Sunday. The move has potential implications for TikTok rivals Meta Platforms (META) and Snapchat parent Snap (SNAP), as well as several other tech…
The stock market rally retreated for the week after hitting fresh record highs Monday, with the Trump trade fading. The S&P 500 and Nasdaq held up relatively well, while the Russell 2000 gave up much of its gains. Shopify (SHOP) was among big earnings winners, but there were also many losers, including downside reversals from…
Sellers knocked the major stock indexes lower in early trade Friday, following through to the downside after some stock market selling Thursday. Big movers in the stock market today include Domino’s Pizza (DPZ), a new holding of Warren Buffett. Palantir (PLTR) also outperformed, up more than 2%, on news the company will move to the…
Small caps lagged in the stock market Tuesday, but selling was well contained in the Nasdaq composite and S&P 500 ahead of a key inflation report Wednesday. The Russell 2000 slumped 1.8%, but the decline didn’t look too bad in light of an 8.6% gain for the small-cap index last week. Despite the loss, the…
The stock market rally suffered sharp losses on Thursday, pushing the major indexes to or below key levels following generally weak reactions to tech titans’ earnings, including Microsoft (MSFT). preelection concerns might also be playing a role, along with Treasury yields pushing up on key levels. But stocks bounced somewhat on Friday, buoyed by Amazon.com…
Tesla (TSLA) and BYD (BYDDF) are the world’s largest electric-vehicle makers. In 2022, China EV and battery giant BYD’s vehicle sales raced ahead of Tesla’s and are now well more than twice as high. For all-battery electric vehicles (BEVs), BYD seized the crown in Q4 2023. However Tesla has regained that title in 2024. Tesla…
The Nasdaq composite and S&P 500 outperformed in the stock market Tuesday as oil prices plunged and the 10-year Treasury yield slowed its ascent, holding just above the 4% level. The Nasdaq jumped nearly 1.5% in higher volume, picture-perfect price action for the bulls after the index marked a distribution day Monday. The Nasdaq is…
Dow Jones futures fell modestly Wednesday morning, along with S&P 500 futures and Nasdaq futures amid continued Mideast fears. Nike (NKE) reported earnings Tuesday night with Tesla deliveries on tap before the open. The stock market rally suffered significant losses Tuesday as Iran launched nearly 200 missiles vs. Israel. The major indexes came off intraday…
Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. Tesla (TSLA) and key China EV rivals report Q3 deliveries this week. The stock market rally had a decent week, with the S&P 500 and Dow Jones setting record highs while the Nasdaq cleared a key level. ↑ X NOW…
China returned to the business of exerting influence over global markets this week, announcing a significant round of stimulus actions. The move was backed by pledges for further support and just ahead of the Shanghai Stock Exchange’s weeklong shutdown due to begin on Tuesday. China stocks led U.S. markets in early trade. China’s regulators on…