Category: Latest News
-
Dow Jones, S&P, Nasdaq Market Update: Trump-Musk Feud, Tesla’s Decline, and Key Labor Data
U.S. stock futures edged higher Friday as markets digested a heated dispute between President Donald Trump and billionaire Elon Musk, which caused Tesla (NASDAQ:TSLA) shares to tumble, erasing significant market value. Investors are also focusing on critical labor market data set for release, while Chinese stocks slipped following a discussion between Trump and Chinese President…
-
‘Have a nice day, DJT!’ Raging feud between Trump-Musk tanks Tesla
President Donald Trump and Tesla CEO Elon Musk are in the midst of a public feud as Tesla’s stock reaches records lows. Tesla’s stock sank nearly 15 percent Thursday as the friendship between Elon Musk and President Trump explodes and results in threats and a war of words. The fallout began earlier this week when…
-
U.S. Stocks Close Mostly Lower Following Another Choppy Trading Day
Following the volatility seen in the previous session, stocks continued to fluctuate over the course of the trading day on Thursday. The major averages once again spent the day bouncing back and forth across the unchanged line before eventually closing in negative territory. While the tech-heavy Nasdaq slid 162.04 points or 0.8 percent to 19,298.45,…
-
Dow Jones, S&P, Nasdaq: Stocks Erase Early Gains on US Labor Market Concerns
U.S. stock indexes fell today due to concerns over rising jobless claims, wiping out early gains. The S&P 500 slipped by 0.25% as economic data revealed jobless claims reached an eight-month high. Trade deficit numbers improved, but mixed signals on productivity and labor costs created uncertainty ahead of key employment data expected later this week.…
-
U.S. Stocks Finish Choppy Trading Day Narrowly Mixed
After moving mostly higher over the two previous sessions, stocks fluctuated over the course of the trading day on Wednesday. The major averages bounced back and forth across the unchanged line before eventually closing narrowly mixed. While the Dow dipped 91.90 points or 0.2 percent to 42,427.74, the S&P 500 (SPI:SP500) inched up 0.44 points…
-
Guidewire Shares Jump 11% Premarket After Stellar Q3 Results and Upgraded Forecast
Guidewire Software Inc (NYSE:GWRE) saw its shares jump 11% in premarket trading Wednesday, following a third-quarter earnings report that far exceeded analyst expectations and a raised full-year outlook from the property and casualty insurance software provider. For the quarter ending April 30, 2025, Guidewire delivered adjusted earnings per share of $0.88, more than doubling the…
-
Autoliv Shares Climb Following Announcement of Shareholder Return Plan
Autoliv, Inc. (NYSE:ALV) saw its stock increase by 3.2% after unveiling a new strategy to return value to shareholders and reaffirming its financial outlook for 2025 on Wednesday. The company revealed intentions to repurchase shares annually in a range between $300 million and $500 million through 2029, along with launching a fresh $2.5 billion stock…
-
CrowdStrike Shares Dip in Early Trading After Revenue Outlook Disappoints
CrowdStrike Inc. (NASDAQ:CRWD) saw its shares decline in premarket trading on Wednesday, following the company’s announcement of revenue guidance for the upcoming quarter that fell short of analyst predictions. This tempered enthusiasm came despite the cybersecurity firm reporting first-quarter earnings that surpassed expectations. For the second fiscal quarter, CrowdStrike projected adjusted earnings per share between…
-
Tesla’s German Sales Plunge by Over 30% in May Despite Growth in EV Market
Tesla Inc. (NASDAQ:TSLA) experienced a sharp decline in vehicle sales in Germany during May, according to data released by the German Federal Motor Transport Authority (KBA). The electric car maker’s sales dropped by 36.2% compared to the same month last year, with just 1,210 units sold. Contrasting Tesla’s downturn, the German electric vehicle sector as…
-
Dow Jones, S&P, Nasdaq, U.S. Stocks May Lack Direction Following Disappointing Private Sector Jobs Data
The major U.S. index futures on the Dow Jones, S&P and Nasdaq are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the upward move seen over the two previous sessions. The futures had been pointing to a higher open on Wall Street but gave…