Tesla shares plunged as much as 10% in early trading Thursday after the company posted its steepest sales drop in more than a decade – and CEO Elon Musk warned the slump may not end anytime soon. The embattled electric carmaker reported that revenue from car sales fell 16% to $16.7 billion in the second…
By Ankur Banerjee SINGAPORE (Reuters) -Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street’s closing record high ahead of a slate of corporate earnings while investors took stock of tariff negotiations between the U.S. and its trading partners. The Japanese markets returned to action after a holiday in…
By Stella Qiu SYDNEY (Reuters) -Asian shares tracked Wall Street higher on Friday as still-strong U.S. economic data and robust corporate earnings offset tariff worries, while the yen headed toward a second successive week of loss ahead of Japan’s upper house election. Overnight, the S&P 500 and the Nasdaq again closed at record highs as…
Goldman Sachs strategists lifted their 12-month forecast for the S&P 500 index to 6,900 and increased the year-end target to 6,600, citing lower Treasury yields and strength in large US companies. Jan-Patrick Barnert has more on “Bloomberg Open Interest.” Source link
A top Nvidia executive said President Trump’s potential tariffs and export controls on its powerful computer chips remain an “unknown” — sending its stock sliding despite better-than-expected quarterly profits. Nvidia shares were off more than 4% Thursday morning as investor digested a mixed outlook from CEO Jensen Huang’s firm in its fourth quarter earnings report….
In the midst of volatile global markets, characterized by fluctuating corporate earnings and competitive pressures in the AI sector, investors are keenly observing opportunities that may arise from recent developments. With central banks like the ECB reducing rates and the Fed maintaining its stance, market participants are considering stocks that might be trading below their…
(Bloomberg) — JPMorgan Chase & Co.’s equity strategy team, led for years by Marko Kolanovic until his departure earlier in 2024, has turned positive on US stocks. Most Read from Bloomberg Under Kolanovic, who had been bearish since late 2022 and whose exit JPMorgan announced in July, the bank kept its target for the S&P…
By Siddarth S (Reuters) – Goldman Sachs has forecast the S&P 500 index would reach 6,500 by the end of 2025, joining peer Morgan Stanley, on the back of continued growth in the U.S. economy and corporate earnings. The Wall Street brokerage’s target implied an upside of 10.3% from the index’s last close of 5,893.62….
Stocks are entering one of the busiest weeks of the year near record highs. A late-week rally led by a surge in Tesla (TSLA) shares helped the Nasdaq Composite close the week higher by about 0.9%, just shy of a new record high. Meanwhile the S&P 500 (GSPC) fell more than 0.3% and the Dow…
(Reuters) – U.S. stock index futures fell on Tuesday, as a selloff in bonds pushed Treasury yields higher, pressuring rate-sensitive stocks, while investors awaited a deluge of corporate earnings for a clearer market direction. At 5:05 a.m. ET, Dow E-minis were down 138 points, or 0.32%, U.S. S&P 500 E-minis were down 21.5 points, or…