Stock Market News for Jul 24, 2020
Wall Street closed sharply lower on Thursday owing to weak labor market data and heightening geopolitical tensions between the United States and China. Selling pressure on the technology sector also pulled down the overall market. All three major stock…
Tesla reports $104m profit in second quarter of 2020 as ‘ridiculous’ market valuation soars
Tesla CEO Elon Musk gestures during the Tesla China-made Model 3 Delivery Ceremony in Shanghai: AFP via Getty Images Tesla has posted a second-quarter profit for its fourth quarter in a row, with a net profit of US$104 million (approximately £81.9…
Stock Market News for Jul 23, 2020
Wall Street closed higher after a choppy session on Wednesday buoyed by good news from coronavirus treatment front and possible injection of fresh stimulus by the U.S. government. However, investors remained concerned about eco-political intensions…
STMicro Raises 3Q and FY Guidance on Improved Market Conditions
(Bloomberg) — STMicroelectronics NV, the chipmaker that supplies Apple Inc. and Tesla Inc., raised both its third quarter and full year revenue forecasts as it sees “improved market conditions” through the end of the year. The company said…
Stock Market News for Jul 22, 2020
U.S. stocks finished mixed on Tuesday as investors are waiting for next round of stimulus from the U.S. government. Meanwhile, a fresh dosage of stimulus by the European Union and better-than-expected earnings results of a few big companies strengthened…
Stock Market News for Jul 21, 2020
U.S. stock markets closed higher on Monday as the tech rally resumed after the gap of a week. Moreover, positive developments on the coronavirus treatment front and expectations of a fresh dosage of fiscal stimulus from the U.S. government strengthened…
Tech Stocks Lead Market Higher Monday
A big move from some outsized players late in Monday’s session led three of the four major indexes into the green by the closing bell. Led by an 8% jump in Amazon AMZN shares (on no actual news relating to the company; Amazon does not report Q2 earnings…
Stock Market News for Jul 20, 2020
Wall Street closed mixed on Friday buoyed by mixed economic data and a spike in new cases of coronavirus infections. Moreover, disappointing earnings results and weak guidance of Netflix also dented investors’ sentiment. The S&P 500 and the…
Xpeng Raises $500 Million Even as China EV Market Sputters
(Bloomberg) — Electric-vehicle maker Xpeng Motors Technology Ltd. raised about $500 million from a group of venture investors, showing Chinese startups with promising car models can attract funding even as the industry’s sales slump. Investors in…
Stock market news live updates:Dow, S&P close out 3rd straight week of gains; Netflix suffers after earnings
Stocks closed out Friday’s session mixed, with the S&P 500 and Nasdaq posting modest gains while the Dow fell. The S&P 500 health-care sector ETF (XLV) rose to a record high. The S&P 500 and Dow each posted weekly advances for a third…