Скачать с ютуб Stocks sink, Tesla plummets 8%: Stock market news today | April 20, 2023 в хорошем качестве

Stocks sink, Tesla plummets 8%: Stock market news today | April 20, 2023

#stocks #inflation #YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #bitcoin #crypto To get the latest markets news check out finance.yahoo.com U.S. stocks traded lower in early trading Thursday morning, as weaker-than-expected quarterly profit at Tesla (TSLA) weighed on electric-vehicle stocks. The S&P 500 (^GSPC) fell 0.74% at the open, while the Dow Jones Industrial Average (^DJI) dropped nearly 160 points, or 0.47%. The technology-heavy Nasdaq Composite (^IXIC) fell nearly 1%. Tesla shares sank more than 8% at the open after the company reported first-quarter earnings on Wednesday that fell short of Wall Street’s expectations. Tesla’s recent price cuts weighed on profits as the electric-vehicle maker reported quarterly gross margins of 19.3%, while Wall Street analysts had expected 20.7%. Shares of traditional automakers making the push into EVs followed Tesla lower with both Ford (F) and General Motors (GM) falling more than 4%. EV focused companies, Rivian (RIVN) and NIO (NIO) also saw declines as Rivian shares fell nearly 5%. Shares of IBM (IBM) rose more than 2.5% in early trading as the company reported adjusted earnings per share of $1.36 against a Street estimate of $1.25. American Express (AXP) shares sank more than six percent as the company's missed Wall Street estimates for earnings per share. Though, American Express CEO Stephen Squeri told Yahoo Finance that nothing in the quarter "went really unexpected." The major averages closed Wednesday largely flat as investors digested corporate earnings from Netflix (NFLX) and Morgan Stanley (MS), among other companies. The Federal Reserve's most recent Beige Book report showed credit conditions tightened in the month following Silicon Valley Bank's collapse. Oil futures traded lower on Thursday with West Texas Intermediate (CL=F) and Brent (BZ=F) falling more than 2%. Brent Crude has now traded lower in three of the last four trading sessions, with prices dropping below $82 a barrel. Economic data is also in focus on Thursday morning as weekly jobless claims came in higher than expected. The report said 245,000 jobless claims were filed. Economists surveyed by Bloomberg had been expecting 240,000 claims. Meanwhile, existing home sales retreated 2.4% in March from the month prior. The annualized rate of 4.44 million fell short of the 4.5 million expected by economists, according to Bloomberg data. For more on this article, please visit: https://finance.yahoo.com/news/stock-...