Tesla shares rise after Musk's $5 billion stock sale

(Reuters) – Tesla shares rose in U.S. premarket trading on Thursday, even after overnight filings showed chief executive and top holder Elon Musk had sold about $5 billion of the stock over recent days.FILE PHOTO: A Tesla logo is seen at the Tesla Shanghai Gigafactory in Shanghai, China January 7, 2019. REUTERS/Aly SongThe electric-car maker’s […]

GE investors hope split remedies years of lackluster performance

NEW YORK (Reuters) – With General Electric’s decision to break up into three separate companies, investors who have held the stock through a long, troubled period may be hoping the move will give the conglomerate’s underperforming shares a jolt.FILE PHOTO: The ticker and logo for General Electric Co. is displayed on a screen at the […]

Wall St opens mixed on Fed angst; Tesla halts after record run

FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 19, 2021. REUTERS/Brendan McDermid(Reuters) – U.S. stock indexes opened mixed on Tuesday as investors were cautious ahead of a Federal Reserve meeting where policymakers are expected to start scaling back bond purchases. The Dow Jones […]

Evergrande, EV unit shares jump after chairman signals business shift

HONG KONG (Reuters) – Shares in China Evergrande Group and its EV unit rose on Monday as the embattled property developer moved to prioritise growth of its nascent electric vehicles business over its troubled core real estate operations.FILE PHOTO: A traffic light is seen near the headquarters of China Evergrande Group in Shenzhen, Guangdong province, […]

Wall Street rises as Big Tech, financials gain

(Reuters) – U.S. stock indexes rose on Monday as growth and financial stocks gained, shrugging off inflation worries in the run up to third-quarter earnings reports from later this week.FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, […]

Nasdaq futures up 1% as tech stocks rebound

(Reuters) – Nasdaq futures jumped 1% on Wednesday as technology stocks led a rebound after concerns about inflation and rising Treasury yields drove one of Wall Street’s worst selloff of this year.FILE PHOTO: A Wall Street sign is pictured outside the New York Stock Exchange in New York, October 28, 2013. REUTERS/Carlo AllegriShares of heavyweights […]

Tech megacaps, chipmakers set to drag Nasdaq lower at open

(Reuters) -The Nasdaq was set to fall at the open on Monday as investors swapped technology heavyweights for stocks linked to economic growth amid increasing confidence in a recovery.FILE PHOTO: A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermidNasdaq 100 […]

Wall St set for weak open as technology shares extend losses

(Reuters) -U.S. stock indexes were set for a lower open on Friday, as steady yields for government bonds following an unexpected rebound in retail sales this week pointed to more movement out of heavyweight technology stocks.FILE PHOTO: A street sign for Wall Street is seen outside of the New York Stock Exchange (NYSE) in New […]

Wall Street ends lower, weighed down by Big Tech

(Reuters) – Wall Street ended lower on Wednesday, spooked by worries that the Delta coronavirus variant could blunt the economy’s recovery and on uncertainty about when the Federal Reserve may pull back its accommodative policies.A trader works on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August […]