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Wall Street's worst day of 2021 was viewed a little differently in some corners of social media.
The bullish case for owning COVID-19 vaccine makers is weakening as much of the world throws in the towel on trying to curb the spread of the coronavirus.
Yahoo Finance's Jared Blikre details IBM's Q4 earnings report in which it beats estimates.
Shares of Chinese electric-vehicle maker Nio (NYSE: NIO) opened sharply lower in U.S. trading on Monday amid a broad market sell-off triggered by rising global tensions and interest rate fears ahead of a key U.S. Federal Reserve meeting. As of 10:15 a.m. ET, Nio's American depositary shares were down about 11.9% from Friday's closing price. Nio was just one of many companies that saw their shares hit hard in early trading on Monday.
In case you hadn't noticed yet, the stock market kind of curled up in a ball and died today. Of particular interest to growth investors today is the fact that some of the fastest growing e-commerce stocks in the world are going on sale, with shares of MercadoLibre (NASDAQ: MELI) down 8.6%, Shopify (NYSE: SHOP) falling 10%, and Sea Limited (NYSE: SE) leading the pack lower with a 12.3% loss. As it turns out, Shopify is the only one of the three with any obvious news on the wires, and even that news isn't too awfully bad.
Markets are down significantly from record highs; in fact, the NASDAQ has entered correction territory, with a decline of 15% while the S&P 500’s decline is still at ~9%. These price declines come as the Federal Reserve signaled it will be raising rates this year. While higher interest rates will knock down inflation, stock markets are likely to take a tumble when the hikes come – and analysts are predicting anywhere from 2 to 4 rate hikes this year. The end of the central bank’s supportive poli
Tilray Brands (NASDAQ: TLRY) is the top marijuana producer in Canada and has set its sights on growing its presence in the U.S. and internationally. Tilray needs it to be legal. Towards the end of the company's earnings call, Simon expressed doubt that the U.S. will legalize marijuana and that it could be well into 2024 before it might happen.
A lively stock over the past year, Alibaba (NYSE: BABA) was sluggish on the stock exchange Monday. In a new research note, he trimmed his target to $203 per share from the previous $209. Referring to two major Alibaba e-commerce platforms, Leung wrote that "There have been signs of continuous uneven sales performance of different product categories and types of merchants on Taobao/Tmall since [the second half of] 2021."
Yahoo Finance's Jared Blikre recaps the market close after a historic sell-off reversal.
Once again, semiconductor stock Nvidia (NASDAQ: NVDA) is leading tech stocks lower as its shares had slumped 6.6% by 10:25 a.m. ET today. The most obvious answer is that investors are favoring "cheap" semiconductor stock Intel (NASDAQ: INTC) over "expensive" semiconductor stock Nvidia today, especially because Intel had some good news to report last week. On Friday, Intel announced that it has chosen to locate two new chip factories near Columbus, Ohio, picking the city from a field of 40 locations that had competed for the investment.
(Bloomberg) -- A “rocky” stretch for U.S. stocks is far from over, with the tech-heavy Nasdaq indexes poised to fall into bear markets thanks to the Federal Reserve’s newfound zeal to undercut inflation, according to Jeremy Siegel, finance professor at the Wharton School of the University of Pennsylvania. Most Read from BloombergStocks Storm Back From 4% Rout to Close Higher: Markets WrapBiden Has ‘Great Meeting’ With European Leaders: Ukraine UpdateChina’s ‘Little Giants’ Are Its Latest Weapon
Artificial intelligence promises to be one of the most transformative technologies of our time, and Upstart is proof.
As inflation has gained traction in the last year, commentators constantly remark about how it is particularly hard on retirees who live on a “fixed income.” Retirees do not live on fixed incomes. The 60% of households in the lower portion of the income distribution receive the bulk of their retirement income from Social Security (see Table 1).
A pop in International Business Machines Corp. stock cooled Monday after Big Blue declined to provide an earnings forecast.
This morning, shares of Tesla, Rivian Automotive (NASDAQ: RIVN), and zero-emission semitruck maker Nikola (NASDAQ: NKLA) are all experiencing much steeper drops than the technology-filled Nasdaq Composite index. As of 11:12 a.m. ET, Tesla stock was down 6.6%, having recovered from a previous 10% drop. Rivian shares were near the day's low of 10.1%, and Nikola was down 7%.
Shares of Kohl's (NYSE: KSS) soared 36% on Monday after the department store chain confirmed that it has received interest from potential acquirers. Kohl's statement came after The Wall Street Journal reported on Friday that a group backed by activist hedge fund Starboard Value offered to buy the retailer for approximately $9 billion, or $64 a share, in cash. Additionally, Bloomberg reported on Sunday that private equity firm Sycamore Partners also inquired about a possible acquisition of Kohl's. And on Monday, CNBC said Sycamore Partners offered to buy the chain for at least $65 per share.
On yet another miserable day for stock markets, shares of fuel cell stocks are getting hurt harder than most on Monday. In particular, shares of Bloom Energy (NYSE: BE) are down 10.2% and FuelCell Energy (NASDAQ: FCEL) is seeing a 10.8% decline as of 11:45 a.m. ET. Plug Power (NASDAQ: PLUG), probably the best-known stock in the industry, is leading the others lower at the same time -- down 12.6%.
The stock market was having yet another bad day on Monday, with all three major market indexes well in the red, and the S&P 500 down by nearly 2% at 11 a.m. ET. Buy now, pay later (BNPL) leader Affirm (NASDAQ: AFRM) was down by 11%, lending technology company Upstart Holdings (NASDAQ: UPST) had fallen by nearly 14%, and banking disruptor SoFi Technologies (NASDAQ: SOFI) had plunged by 12% for the day. The recent market decline has hit speculative growth companies especially hard, as investors have general fears about inflation and rising rates as we go forward in 2022.
Shares in aviation giant Boeing (NYSE: BA) fell by nearly 6% in early trading on Monday. First, there's the broad market decline and the perception that Boeing is one of the companies particularly exposed to the risks that the market is concerned about right now. Meanwhile, China still hasn't fully approved the 737 MAX to return to service.
DEEP DIVE Monday’s stock-market decline accelerated, and a closer look at the day’s worst performers highlighted painful double-digit year-to-date drops. The Dow Jones Industrial Average (DJIA) was down as much as 820 points (or 2.
Shares of the special purpose acquisition company (SPAC) Digital World Acquisition (NASDAQ: DWAC) were down more than 15% at 11:40 a.m. EST today for no obvious reason other than a general decline in the broader market, which is having a tough day today. Digital World Acquisition announced late last year that it intends to merge with and take public Trump Media & Technology Group, which is the parent company of Truth Social, a yet-to-launch social media company backed by former President Donald Trump. Truth Social says on its website that it encourages "an open, free, and honest global conversation without discriminating against political ideology."