Dow Jones Slides, Tech Stocks Sell Off As Treasury Yields Extend Gains; Tesla Breaks Key Support

Yahoo Finance Video
Costco set to report Q3 earnings on Thursday afternoon
Yahoo Finance Live's Seana Smith looks at Costco shares ahead of the retailer's earnings report coming out tomorrow.
1d ago
Motley Fool
Why Nio Stock Hit the Gas Today
Nio (NYSE: NIO) stock soared this morning and was trading up a solid 9% at 10:20 a.m. ET. Nio's latest expansion plans are reassuring investors about the company's growth potential even as they realize Nio's stock price may not be hit too hard if the company makes a bold move similar to the one a Chinese stock made today. Aside from its domestic market, China, the only other market Nio has entered so far is Norway, where it first launched its SUV, ES8, in September and opened a Nio House in October last year.
4h ago
MoneyWise
How can I generate some steady income in this manic market? Here are 3 top-rated stocks yielding up to 7.7% (with fat upside to boot)
The market is unstable. Your portfolio doesn’t need to be.
3h ago
Motley Fool
Why Nutanix Stock Fell Hard Today
Shares of cloud computing company Nutanix (NASDAQ: NTNX) fell sharply this morning after that the company reported a third-quarter loss that was far worse than expected and issued revenue guidance that was below Wall Street's average estimate. Nutanix's third-quarter sales increased 17% from the year-ago quarter to $403.7 million and beat analysts' consensus estimate of $397.9 million. Nutanix's diluted loss per share of $0.50 in the quarter was an improvement from a loss of $0.60 in the year-ago quarter, but it was far worse than the loss of $0.22 that Wall Street was expecting.
5h ago
Yahoo Finance Video
Broadcom, VMware stocks up on blockbuster deal
Yahoo Finance Live’s Emily McCormick breaks down the stock rise for Broadcom and VMware after an acquisition deal was announced.
5h ago
Motley Fool
Amazon Stock Rallied Today -- Here's Why Now Might Be the Time to Buy
As of 2:33 p.m. ET, Amazon's stock price was up nearly 5%. Like many retailers, Amazon's profits have been dented by coronavirus-related supply chain disruptions and geopolitical-driven energy price increases. At the same time, Amazon is dealing with an excess of fulfillment capacity.
1h ago
Motley Fool
Why GameStop Is Racking Up Another Day of Huge Gains
With GameStop's share gains yesterday and so far today, it could certainly generate a squeeze as short-sellers rush to cover their positions. It's why it's not wise to short a stock like the video game retailer or fellow meme stock AMC Entertainment since, as economist John Maynard Keynes once noted, the market can be irrational longer than you can remain solvent. The stock has rallied sharply higher, giving hope to belief the MOASS finally arrived, only to quickly give up all the gains and more.
5h ago
Yahoo Finance Video
Alibaba earnings boosted by China COVID lockdown spending
Yahoo Finance Live anchors discuss quarterly earnings for Alibaba.
7h ago
Motley Fool
Why Alibaba Stock Is Soaring Today
Shares of the Chinese e-commerce company Alibaba Group Holding (NYSE: BABA) spiked this morning after the company reported fourth-quarter results that beat analysts' consensus top- and bottom-line estimates. Alibaba reported non-GAAP (adjusted) earnings per American depository share (ADS) of $1.25 in the quarter, which was a 23% drop from the year-ago quarter but far above Wall Street's consensus estimate of $1.10 for the quarter. Additionally, Alibaba's revenue increased 9% in the quarter to $32.1 billion, which was better than the average analyst estimate of $29.9 billion.
3h ago
Insider Monkey
Tech Selloff: Hedge Funds are Dumping These 10 Stocks in 2022
In this article, we discuss the 10 stocks hedge funds are dumping amid the tech selloff in 2022. If you wish to skip our comprehensive review of the latest market situation around tech stocks, go directly to Tech Selloff: Hedge Funds are Dumping These 5 Stocks in 2022. Investors are offloading growth stocks that don’t […]
5h ago
Motley Fool
Why Cruise Stocks Sailed Higher on Thursday
Few stocks are doing so well, however, as cruise line stocks. As of 10:25 a.m. ET, shares of Royal Caribbean (NYSE: RCL) stock are surging ahead 6.6%, while Carnival (NYSE: CCL) is tacking on 7.5%, and Norwegian Cruise Line Holdings (NYSE: NCLH) leads the sector higher with a 9.2% gain. Carnival collects some cool cash -- but wait, is that an iceberg on the horizon?
1h ago
Investopedia
What to Do When a Bear Market Whacks Your 401(k)
When the markets take a dive, your retirement savings could drop with them. Here is a four-step plan to beat the bear.
1d ago
TheStreet.com
AbbVie's Correction Appears to Be Over: Here's Where the Stock Could Be Headed
AbbVie , the research-based biopharmaceutical company that was spun off from Abbott Laboratories in 2013, has made an impressive move higher the past nine years. Recently, ABBV pulled back from an April high but the correction is showing signs it is over. In the daily bar chart of ABBV, below, we can see that the shares declined below the 50-day moving average line and its slope is cresting.
2h ago
MarketWatch
Ethereum could ‘take over everything’, and there won’t be a multi-chain future, says EY’s blockchain leader
A weekly look at the most important moves and news in crypto and what's on the horizon in digital assets.
2h ago
Motley Fool
Why DXC Technology Is Up More Than 12% Today
Investors are looking past a lackluster quarter to focus on the company's bigger-picture overhaul.
4h ago
MarketWatch
After 2 stormy years of ‘moonshot’ house prices, don’t hold out hope for a major correction. Why COVID-era property values may be here to stay.
‘As more millennials reach age 40, their household formation rate will accelerate due to higher marriage rates and more stable incomes.’
5h ago
TheStreet.com
Twitter Investors Deal a Big and Humiliating Blow to Musk
Twitter did not provide any details about the proposed takeover offer from billionaire Elon Musk at its annual shareholder meeting.
1d ago
Motley Fool
3 Top Stocks That Could Lead a Market Rebound
A recovery in the technology sector is inevitable in the long run, and these companies could lead the charge.
9h ago
MoneyWise
Which beaten-down blue chip should I buy for a quick bounce? Tigress Financial says Ford shares could soar 70% in the next year — here’s why
Ford has been walloped. But this Wall Street firm says it has the gas to come back strong.
2h ago
American City Business Journals
What IBM's next acquisition will look like – don't think Red Hat
Nearly three years after IBM’s blockbuster deal for Raleigh-based Red Hat, Big Blue continues to scout for deals – just not record-breakers.
4h ago

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Dow Jones Slides, Tech Stocks Sell Off As Treasury Yields Extend Gains; Tesla Breaks Key Support

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