Markets

Tesla’s extends 2-day plunge to 17% as epic rally takes a breather

Tesla tumbled as much as 9% in early Tuesday trading, extending losses following a similarly sized plunge the session prior. The sell-off has dragged shares to their lowest since December and led CEO Elon Musk to relinquish his title as the world’s richest person. Tesla’s latest slump follows confusion over […]
Tesla’s extends 2-day plunge to 17% as epic rally takes a breather
Markets

Tesla slides 6% as it enters the S&P 500 as its 5th-largest member

Tesla sank as much as 6% on Monday as the company made its S&P 500 debut. The automaker joined the benchmark index as its fifth-largest member at the market open on Monday. Tesla boasts a weighting of 1.69% in the S&P 500, landing between Facebook and Alphabet’s class A shares. […]
Tesla slides 6% as it enters the S&P 500 as its 5th-largest member
Markets

S&P 500 snaps 4-day losing streak as investors rush back to tech giants

US equities climbed Tuesday as a tech-led rebound ended the S&P 500’s four-day losing streak. Mega-cap companies including Apple,Facebook, and Amazon pushed indexes higher as investors turned back to the recently sold-off growth favourites. Still, new measures to curb the coronavirus’s spread in the UK revived fears of fresh lockdowns […]
S&P 500 snaps 4-day losing streak as investors rush back to tech giants
Markets

Dow sinks 406 points as tech stocks resume volatile sell-off

US stocks sank in turbulent Thursday trading as falling tech giants dragged on benchmark indexes. Tech names rebounded on Wednesday but resumed their downward spiral as investors shunned their still-lofty valuations. Traders also mulled weekly jobless-claims data that signalled lasting pain in the US labour market. Claims totaled 884,000 for […]
Dow sinks 406 points as tech stocks resume volatile sell-off