Category: Market Summary

Tesla (NASDAQ:TSLA) – Tesla’s sales in China increased by 19.2% in September, totaling over 72,000 electric vehicles sold, its best performance of the year. Deliveries of locally produced Model 3 and Model Y rose by 1.9% from the previous month. In Q3, Tesla recorded a 12% growth in sales of Chinese-made electric vehicles. BYD also…

U.S. stocks started off on a somewhat flat note on Wednesday, but gained in strength as the day progressed, as investors assessed the minutes of the Federal Reserve’s most recent policy meeting, and looked ahead to the nation’s consumer price and producer price inflation data for more clarity on interest-rate trajectory. The major averages all…

Alphabet (NASDAQ:GOOGL) – The U.S. Department of Justice is considering asking a judge to force Google to sell parts of its business to mitigate its search dominance, including Chrome and Android. The DOJ proposes measures to reduce Google’s dominance, which could impact revenues and benefit competitors. Google plans to appeal, calling the proposals “radical” and…

U.S. stocks moved higher on Tuesday, with technology stocks turning in a strong performance. Pushing geopolitical concerns and interest-rate uncertainty aside, investors picked up stocks, choosing to focus on the earnings season. The major averages all ended on a firm note. The Dow started off on a sluggish note and remained that way till midway…

Honeywell (NASDAQ:HON) – Honeywell plans to spin off its advanced materials division, which could be worth over $10 billion as an independent company. CEO Vimal Kapur is focusing on aviation, automation, and energy, according to WSJ. The advanced materials division serves sectors like retail, pharmaceuticals, buildings, and manufacturing, with $3.65 billion in sales last year.…

U.S. stocks fell on Monday amid easing prospects of aggressive rate cuts by the Federal Reserve following a much higher than expected addition in U.S. non-payroll employment in the month of September. Investors also awaited earnings announcements from major banks, and some crucial economic data, including readings on consumer price and producer price inflation. The…

Pfizer (NYSE:PFE) – Activist investor Starboard Value acquired about $1 billion in Pfizer shares, seeking changes to improve performance. Former CEO Ian Read and former CFO Frank D’Amelio showed interest in supporting Starboard, according to Reuters. Pfizer is facing a significant decline in COVID-19 vaccine and drug sales, leading to a stock drop. Shares rose…

U.S. stocks rallied on Friday, lifting the major averages to a firm close, as upbeat non-farm payroll data helped offset concerns about Middle East tensions and prompted investors to indulge in some brisk buying at several counters from across various sectors. The Dow (DOWI:DJI) settled at a fresh record high at 42,352.75, gaining 341.16 points…

The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move to the upside after showing a lack of direction over the two previous sessions. The futures climbed more firmly into positive territory following the release of a closely watched Labor Department repot showing much stronger than…

Following the lackluster performance seen during trading on Wednesday, stocks continued to experience choppy trading during Thursday’s session. The major averages once again spent the day bouncing back and forth across the unchanged line. The major averages eventually finished the day modestly lower. While the Nasdaq edged down 6.65 points or less than a tenth…