U.S. Markets close in 1 hr 12 mins

  • S&P 500

    3,837.75
    -63.04 (-1.62%)
     

  • Dow 30

    30,834.37
    -418.76 (-1.34%)
     

  • Nasdaq

    11,118.52
    -269.98 (-2.37%)
     

  • Russell 2000

    1,737.56
    -38.66 (-2.18%)
     

  • Crude Oil

    112.70
    +0.49 (+0.44%)
     

  • Gold

    1,839.90
    -1.30 (-0.07%)
     

  • Silver

    21.62
    -0.28 (-1.29%)
     

  • EUR/USD

    1.0550
    -0.0038 (-0.3587%)
     

  • 10-Yr Bond

    2.7850
    -0.0700 (-2.45%)
     

  • Vix

    32.45
    +3.10 (+10.56%)
     

  • GBP/USD

    1.2462
    -0.0013 (-0.1059%)
     

  • USD/JPY

    127.8390
    +0.0450 (+0.0352%)
     

  • BTC-USD

    28,927.76
    -1,247.66 (-4.13%)
     

  • CMC Crypto 200

    643.07
    -30.30 (-4.50%)
     

  • FTSE 100

    7,389.98
    +87.24 (+1.19%)
     

  • Nikkei 225

    26,739.03
    +336.19 (+1.27%)
     

Dow Jones Rallies After Hot Inflation Reading; Tesla Slides As Elon Musk Sells More Shares

SCOTT LEHTONEN
·8 min read
Dow Jones Rallies After Hot Inflation Reading; Tesla Slides As Elon Musk Sells More Shares
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • TSLA
  • ^DJI
  • AVGO
  • ORCL
  • RIVN
  • COMP
  • MSFT
  • AAPL

The Dow Jones Industrial Average rose 150 points Friday after a hot inflation reading. Elon Musk sold another $960 million worth of Tesla stock.

Continue reading

Recommended Stories

  • Why Shares of Upstart Are Falling Today

    Shares of the artificial intelligence lender Upstart Holdings (NASDAQ: UPST) traded more than 16% lower as of 11:14 a.m. ET today after it received yet another downgrade from Wall Street. Wedbush analyst David Chiaverini maintained his underperform rating on Upstart but lowered his price target from $20 to $15 per share. The lower price target comes just a week after Chiaverini lowered his price target on Upstart from $35 to $20.

  • Tesla CEO Elon Musk denies sexual harassment allegations

    Yahoo Finance Live anchors discuss allegations that Elon Musk sexually harassed a flight attendant in 2016.

  • Here’s the real reason the stock market is coming unglued — and it isn’t because of weak earnings

    An earnings recession is not the biggest threat facing the stock market right now. To show that an earnings recession doesn’t necessarily doom the stock market, consider the S&P 500’s (SPX) quarterly return when its earnings-per-share (EPS) is falling. On average over the past century, according to an analysis conducted by Ned Davis Research, the S&P 500 has performed better when its EPS were lower than a year previously — not higher.

  • 5 Stocks Warren Buffett Bought Hand Over Fist as the Nasdaq Plunged

    When Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) CEO Warren Buffett buys or sells shares of a company, Wall Street and investors tend to pay close attention. Since becoming CEO in 1965, he's overseen the creation of more than $680 billion in shareholder value and delivered an average annual return of 20.1% for Berkshire's Class A (BRK.A) shareholders (himself included).

  • China Eastern Arlines says Boeing 737 MAX not ready for return in China

    As Covid restrictions pinch domestic travel in China, hopes for an imminent return there of Wichita's most important plane are waning.

  • Deere tops earnings estimates, misses on revenue

    Yahoo Finance Live anchors discuss second-quarter earnings for Deere.

  • Why Pfizer Stock Is Rising Today While Moderna and Novavax Are Sliding

    Shares of Pfizer (NYSE: PFE) were up 2.5% as of 11:35 a.m. ET on Friday after jumping as much as 4% earlier in the day. Meanwhile, the stocks of two other COVID-19 vaccine makers were declining. Moderna's (NASDAQ: MRNA) shares were down 4.7%.

  • Why Carnival Stock Was Underwater Today

    Investors weren't overjoyed about a fresh debt offering announced by Carnival, and a bearish new note from an analyst didn't help, either. After market hours on Wednesday, Carnival announced that it is floating a private offering of $1 billion worth of senior unsecured notes. Carnival says it plans to use the net proceeds of the issue to make scheduled principal payments on debt during fiscal 2023 and for general corporate purposes.

  • Billionaire Ray Dalio Pulls the Trigger on These 2 ‘Strong Buy’ Stocks

    When legends speak, people listen – and few investors match the legendary status of Ray Dalio. The founder of Bridgewater Associates has built his firm from a 2-room apartment operation into the world’s largest hedge fund, with more than $150 billion in assets under management, and a net gain exceeding $46 billion. Dalio believes that the next two to four years will see our global economic and political systems change in ways that are unpredictable now. And the key to survival, for investors, ma

  • Why Rivian, Nikola, and Lucid Stocks Got Wrecked on Friday

    In early trading Friday, stock markets attempted to make a comeback and at least end a losing week on a winning note. As of 12:25 p.m. ET, shares of Rivian Automotive (NASDAQ: RIVN) are off 4.9%, Nikola (NASDAQ: NKLA) stock is down 5.8%, and Lucid Group (NASDAQ: LCID) -- the beneficiary of positive news as recently as yesterday -- is giving back most of its gains, and leading the sector 6.8% lower today.

  • Warren Buffett is Selling These 6 Stocks in 2022

    In this article, we discuss 6 stocks that Warren Buffett is selling in 2022. If you want to see more stocks that the billionaire sold, click Warren Buffett is Selling These 3 Stocks in 2022. Warren Buffett, the chief of Berkshire Hathaway, is perhaps the most renowned financier in the investment world, with decades of […]

  • Is It Too Late to Buy IBM Stock?

    The veteran tech giant just completed a multi-year turnaround. Here's the investment opportunity with the new IBM.

  • Michael Burry is Shorting Apple (AAPL) and Selling These 5 Stocks in 2022

    In this article, we discuss Michael Burry’s short position in Apple Inc. (NASDAQ:AAPL) and the 5 stocks he is selling in 2022. If you want to skip our analysis of Burry’s history, investment philosophy, and hedge fund performance, go directly to Michael Burry Is Selling These 3 Stocks in 2022. Michael Burry was born on […]

  • How To Generate $100,000 Of Retirement Income, Without Selling Principal

    Your retirement savings are $1 million. You want $100,000 of yearly retirement income, including Social Security. Is that doable without tons of risk?

  • 1 Reason Nu Holdings Is Headed in the Right Direction

    Like many tech and fintech stocks this year, the Berkshire Hathaway-backed Brazilian digital bank Nu Holdings (NYSE: NU) has seen its stock price struggle and is down more than 61% this year. Nu is a major disruptor in the Latin American banking space, first offering a credit card with no annual fees and then building out a suite of banking products from there. Nu has amassed close to 60 million customers but in the past has gotten questions regarding its high valuation and path to sustainable profitability.

  • Why Apple Stock Popped, Then Fell Today

    A potential new Apple device buoyed positive sentiment -- but worries about the economy overshadowed the news.

  • The S&P 500 is trading in bear-market territory. How far could it fall?

    The S&P 500 trades below the level that will mark a bear market if losses hold on Friday. In the past, entering bear territory has often meant more weakness ahead.

  • Tesla stock’s very bad week gets worse after the allegations against Musk

    Tesla Inc. shares were poised to close at their lowest since late July, falling more than 8% in midday trading Friday following the allegations of sexual misconduct lobbed against Chief Executive Elon Musk.

  • Hit the Buy Button on These 3 Oversold Stocks, Say Analysts

    Rising interest rates, supply chain constraints and Russia’s invasion of Ukraine are all issues currently plaguing the macro climate. The problem with all three, says Tony Dwyer, Canaccord Chief Market Strategist, is that for each problem there’s “no easy exit strategy.” The tough conditions are likely to persist, then. However, on the plus side, while these issues have sent most corners of the stock market into a tailspin, now investors are presented with stocks for which the term “oversold” re

  • Warren Buffett is Buying and Holding These 10 Financial Stocks in 2022

    In this article, we discuss 10 financial stocks that Warren Buffett is buying in 2022. If you want to see more financial stock picks of the billionaire, click Warren Buffett is Buying and Holding These 5 Financial Stocks in 2022. Warren Buffett follows the Benjamin Graham school of thought, picking value plays with prices that […]