US stocks tanked on Friday as Wall Street grappled with President Trump's escalating trade war and weighed signs of reinvigorated inflation pressures amid souring consumer sentiment. The major averages fell on Friday after the release of a hotter-than-expected Personal Consumption Expenditures index reading,
Friday’s stock market slide will likely cement the S&P 500 and Nasdaq Composite’s seventh weekly decline in nine weeks. The S&P 500 was down 1.8%, putting it down more than 1% on the week. The Nasdaq Composite was down 2.
This conclusion is supported by our analysis comparing Google's present valuation with its operating performance in recent years, alongside its current and
Nvidia stock slumped this week on news that the company is at risk of losing business in China as a result of new regulation.
U.S. equities sank at midday as the inflation gauge favored by the Federal Reserve was higher than forecasts, and a new measure of consumer sentiment was less than anticipated. The Nasdaq tumbled 2% and the Dow Jones Industrial Average and S&P 500 fell more than 1%.
Chinese electric vehicle (EV) maker Nio (NIO) has disclosed plans to raise about $450 million (HK$3.50 billion) through a share placement,
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"Our intermediate-term indicators suggest the correction will resume mid- to late April," technical analyst Katie Stockton said this week.
If Tesla stock can finish north of $248.71 on Friday, its losing streak is over. Shares have a nice cushion, up almost 10% for the week. A couple of things boosted them. For start