Category: Market Summary

Tesla (NASDAQ:TSLA) – Tesla sold 68,280 China-made vehicles in October, a 5.3% drop from the previous year, with Model 3 and Model Y deliveries down 22.7% month-over-month. Tesla extended its interest-free financing for certain models into November after exceeding third-quarter profit expectations but was outperformed by BYD in revenue. Additionally, Tesla sold $499 million in…

Following the sell-off seen during Thursday’s session, stocks showed a strong move back to the upside in early trading on Friday. The major averages gave back some ground over the course of the trading day but remained firmly in positive territory. The tech-heavy Nasdaq led the way higher, advancing 144.77 points or 0.8 percent to…

Amazon (NASDAQ:AMZN) – Amazon exceeded expectations for the third quarter with earnings per share of $1.43, compared to the anticipated $1.14, and revenue of $158.88 billion, surpassing estimates of $157.2 billion. AWS performed slightly below expectations with revenue of $27.4 billion, while advertising rose 19% to $14.3 billion. Next quarter’s revenue projection between $181.5 billion…

After moving sharply lower early in the session, stocks continued to see considerable weakness throughout the trading day on Thursday. The Nasdaq saw a particularly steep drop on the day amid a sell-off by technology stocks. The major averages saw further downside going into the close, ending the session near their worst levels of the…

Microsoft (NASDAQ:MSFT) – Microsoft exceeded expectations in the first fiscal quarter with earnings per share of $3.30 (above the expected $3.10) and revenue of $65.59 billion (surpassing the estimated $64.51 billion). Microsoft’s Intelligent Cloud segment reported revenue of $24.09 billion, a 20% increase, slightly above StreetAccount’s expectation of $24.04 billion. Despite a 16% year-over-year revenue…

Stocks showed a lack of direction throughout much of the session on Wednesday but came under pressure in the latter part of the trading day. The major averages spent most of the day bouncing back and forth across the unchanged before sliding more firmly into negative territory. After reaching a new record intraday high in…

Alphabet (NASDAQ:GOOGL) – Alphabet exceeded expectations in Q3, with earnings per share of $2.12, surpassing the $1.85 estimate, and revenue of $88.27 billion, beating the forecast of $86.30 billion. Net income rose to $26.3 billion. YouTube’s ad revenue reached $8.92 billion, while the Other Bets division saw revenue expand to $388 million. Google Cloud revenue,…

The major U.S. stock indexes all moved higher during trading on Monday but returned to the mixed performance seen to close out the previous week on Tuesday. While the tech-heavy Nasdaq showed a notable advance to reach a new record closing high, the Dow closed lower for the sixth time in the past seven sessions.…

HSBC Holdings (NYSE:HSBC) – In the third quarter, HSBC reported a profit of $8.5 billion, surpassing projections of $7.6 billion. Revenue rose 5% to $17 billion, especially in the FX, global debt, and wealth sectors. The bank also announced an additional $3 billion share buyback, and the interim dividend was set at $0.10 per share.…

After showing a strong move to the upside early in the session, stocks gave back ground over the course of the trading day on Monday but managed to end the day mostly higher. The major averages all finished the day in positive territory after turning in mixed performances over the two previous sessions. The Dow…