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%.
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.
AT&T is trading lower Thursday and is very close to a major support breakdown. How major do you ask? Let's look at one Point and Figure chart. In the daily Point and Figure chart of T, below, we used close-only price data.
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
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.
Yahoo Finance Live anchors discuss stock performance for Porsche.
Shares of semiconductor specialist Advanced Micro Devices (NASDAQ: AMD) were falling today, likely in response to new data on U.S. jobless claims. Investors are processing the latest employment data that showed a stronger-than-expected labor market. Instead, it appears that AMD shareholders were reacting to the latest jobless claims report.
On the bright side of what has increasingly been a terrible year for stocks is that over time, history is filled with self-corrections and comebacks.
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.
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.
The Dow Jones Industrial Average sold off Thursday after key economic data. Apple stock fell on a downgrade.
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.
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?
Is this enough to stop conflicts of interest? To a certain extent.
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?
Apple has held up better than most tech stocks this year, but does it need to fall for the bear market to be over?
Yahoo Finance Live anchors discuss second-quarter earnings for CarMax.
ZIM Integrated Shipping Services (ZIM) closed at $25.39 in the latest trading session, marking a +1.68% move from the prior day.
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.
Yahoo Finance Live anchors discuss stock performance for Apple, Coinbase, and DocuSign after the latest analyst ratings from Wall Street.