Elon Musk’s electric car company closed out the trading day more than 20% below where it opened on Tuesday morning, following a three-day weekend during which investors had plenty of time to digest the sobering news that Tesla would not be added to the S&P 500 index. … [Read more...] about Tesla stock sputters after S&P Dow Jones Indices adds Etsy, Teradyne, and Catalent instead
Dow crashes 504 points
Volumes are the key factor in determining the strength of a bull run and daily average trading volumes have been relatively low, which could be another hint that a correction is coming. Technically speaking, the index is looking at a near term resistance around 21500. Failure to breach this level could see a fall in the near term. Any breakout below 19700 levels could see it enter into the negative terrain. … [Read more...] about Dow Heading To More Record Highs?
A part of the recent climb in the VIX has to do with how VIX futures and the spot index converge at monthly futures expiration dates. With the U.S. election nearing, there is a big gap between the VIX, which only covers a 30-day period, and longer-dated futures that cover the election. … [Read more...] about Wall Street’s ‘fear gauge’ spikes but unlikely to be pointing to a market crash
Tesla Inc plunged 18.3% and was set for its worst day in nearly six months after the electric-car maker was excluded from a group of companies being added to the S&P 500.Still, market participants said they did not expect a prolonged sell-off against the backdrop of an accommodative monetary policy by the Federal Reserve, which last week indicated a higher toleration for inflation rising above 2%. … [Read more...] about Slump in Tesla, Apple hits Wall Street as tech rout deepens
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. … [Read more...] about ‘Short-covering can’t be ruled out in USD/INR, deploy Married Put in coming week’