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Expenses are rising because of ongoing headwinds from higher freight inflation, the discount retailer says.
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.
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.
Americans are wondering what's amiss with Wall Street after steep declines in stocks and a surge in bond yields in recent weeks. Here's how to think about it.
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.
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%.
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%.
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.
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.
Shares of Ford Motor Company (NYSE: F) opened lower on Monday amid a broad market sell-off driven largely by concerns about rising interest rates. As of 10:30 a.m. ET, Ford's shares were down about 4.7% from Friday's closing price. Ford's was one of many stocks that took hard hits in early trading on Monday.
Shares of Amazon (NASDAQ: AMZN), Apple (NASDAQ: AAPL), and Meta Platforms (NASDAQ: FB) were all sliding today as investors continue to dump technology stocks in anticipation that the Federal Reserve will raise interest rates throughout 2022. Today's drop comes as tech stocks have been tumbling since the beginning of this year as investors have processed information about rising bond yields as well. Amazon was down by 2.2%, Apple had dropped 2.7%, and Meta Platforms tumbled 2.8% as of 11:37 a.m. ET.
Johnson & Johnson is ready to pull the band-aid off of their earnings numbers on Tuesday. The On-Balance-Volume (OBV) line has rolled over from December and tells me that sellers of JNJ have been more aggressive. The weekly OBV line shows a long rise and only the start of a turn lower in January.
Shares of Netflix (NASDAQ: NFLX) were sliding today after a Jefferies analyst downgraded the company's stock from a buy rating to hold and cut his price target from $737 down to $415. Making matters worse, the broader stock market is experiencing a massive sell-off today as investors expect the Federal Reserve to raise interest rates in the coming months. Netflix's stock fell by as much as 11% today and was down by 5.7% as of 1:52 p.m. ET.
Novavax (NASDAQ: NVAX) is arriving more than a year after market leaders Pfizer and Moderna to the coronavirus vaccine finish line. Novavax soared 2,700% in 2020. As of today, Novavax's vaccine has won authorization from more than 30 countries.
Artificial intelligence promises to be one of the most transformative technologies of our time, and Upstart is proof.
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."
Ocugen, Inc. ( NASDAQ:OCGN ) is possibly approaching a major achievement in its business, so we would like to shine...
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
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Sylvia Jablonski, CIO and Co-founder of Defiance ETFs, joins Yahoo Finance Live to discuss opportunities for investors to buy stocks on the dip, how the market is pricing in interest rate hikes, the Fed, cryptocurrency, and the NFT market ahead of web3.
With the economy still working to recover from its pandemic-driven slump, the thought of a market crash may not seem as likely. It also means that certain market sectors are going to take a hit, even if the full market doesn't actually crash. If we do see a market crash, here are three names that should be on the shopping list in the aftermath.