Shares of several real estate stocks and mortgage real estate investment trusts (REITs) struggled today as mortgage rates soared. Shares of the real estate brokerage Redfin (NASDAQ: RDFN) traded close to 7% lower as of 11:50 a.m. ET today. Meanwhile, shares of mortgage REITs AGNC Investment (NASDAQ: AGNC) and Annaly Capital Management (NYSE: NLY) traded more than 5% and nearly 10% lower, respectively.
The stock market took a U-turn on Thursday, erasing all the gains it made on Wednesday as investors continued to worry about the impacts of high inflation and the interest rate hikes that central banks are implementing to get it back in check. As of 11:40 a.m. ET, the S&P 500 was down 2.1%, and the tech-heavy Nasdaq has lost 2.9%. Companies tied to the electric vehicle industry were getting hit especially hard, with Rivian Automotive (NASDAQ: RIVN) down 5% and Chinese luxury EV-maker Nio (NYSE: NIO) falling 8.2%.
The broader market was down sharply and that was certainly impacting Carvana stock. As of 12:01 p.m. ET, Carvana stock was down 18.5%. First, let's recognize that Carvana is a volatile stock to begin with.
SoFi Technologies, Inc. (SOFI) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Wall Street is on a roller coaster again, as investors try to navigate the path between high inflation and the Fed’s aggressive interest rate hikes. The former is raging – whether you blame Russia or Biden, the fact of high inflation can no longer be avoided – while the latter is rising – but whether it is rising fast enough to blunt inflation is yet to be determined. Jim Cramer, the well-known host of CNBC’s ‘Mad Money’ program, takes a hint from the bond market, where the US Treasury 2-year no
Yahoo Finance Live anchors discuss stock performance for Porsche.
In the past two years, biotech companies Moderna (NASDAQ: MRNA) and Novavax (NASDAQ: NVAX) rose to fame thanks to their successful attempts to develop vaccines for COVID-19 and help us end the outbreak. The pandemic isn't over yet, but Moderna and Novavax have given up substantial chunks of their value in the past year. Where does that leave Moderna and Novavax?
The Dow Jones Industrial Average sold off Thursday after key economic data. Apple stock fell on a downgrade.
Apple has held up better than most tech stocks this year, but does it need to fall for the bear market to be over?
Is this enough to stop conflicts of interest? To a certain extent.
While EV-minded investors were accelerating into shares of QuantumScape (NYSE: QS) on Tuesday, they're shifting into reverse today. As of 12:02 p.m. ET, shares of QuantumScape are down 8.1%. In addition to the overall dour sentiment pervading the markets today, investors are choosing to unplug from QuantumScape's stock after learning of an analyst's recent outlook on the company and his price target on its shares.
Autoblog Editor-In-Chief Greg Migliore joins Yahoo Finance Live to discuss the Porsche trading debut in Frankfurt, how much capital the IPO has generated for Volkswagen, and automakers racing to develop the electric vehicle market.
Read on to know what to expect from Tesla's (TSLA) AI Day 2022. Also, as an investor, should you place your bets on the stock now going by the crazy hype surrounding the event?
While the U.S. has hit many of the benchmarks that signify an economic downturn, other metrics have defied the trend, leading many to debate whether the economy is actually in a recession. A key economic indicator released early Thursday seemed to tip the scales toward those arguing that it is in a recession. To be clear, there was very little in the way of company-specific news driving these technology stocks lower.
Yahoo Finance Live anchors discuss stock performance for Apple, Coinbase, and DocuSign after the latest analyst ratings from Wall Street.
ZIM Integrated Shipping Services (ZIM) closed at $25.39 in the latest trading session, marking a +1.68% move from the prior day.
Yahoo Finance Live anchors discuss second-quarter earnings for CarMax.
In this video, I will be talking about the recent announcement that Intel (NASDAQ: INTC) has made about its new CPU and GPU processors and sharing my thoughts on whether this is the crucial tipping point we were all waiting for.
Markets are in "risk-off" mode again today with shares of companies in more speculative sectors like electric vehicles (EVs) taking some of the hardest hits. Shares of EV charging network company ChargePoint Holdings (NYSE: CHPT), for example, were down 5.2% as of 12:05 p.m. ET. The stocks of vehicle manufacturers Lordstown Motors (NASDAQ: RIDE) and Arrival (NASDAQ: ARVL) were lower by 7.2% and 6.8%, respectively.
Shares of Shopify (NYSE: SHOP) were falling today in another risk-off day for the stock market. A strong initial unemployment claims report seemed to feed the bearish sentiment, signaling that the Federal Reserve may have a ways to go in order to bring inflation under control as the economy is still running hot. As an unprofitable growth stock, Shopify is more sensitive to the macroeconomic climate than most stocks, and it also has direct exposure to consumer spending, making it different from most of the software-as-a-service (SaaS) sector.