It’s not that Tesla didn’t qualify. After its most recent earnings report demonstrated four consecutive quarters of profitability, the company was a candidate for inclusion, but a committee ultimately decides, and those final internal decisions are based on more than metrics. Some analysts have speculated that Tesla may have been snubbed in part because its profits have been driven by sales of emissions credits to other car companies. … [Read more...] about Tesla stock sputters after S&P Dow Jones Indices adds Etsy, Teradyne, and Catalent instead
Dow plunges 1600 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?
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
The US unemployment claim data which measures the number of people claim for first–time unemployment benefits, has come almost in line with estimates. The data released on August 27 shows that over 1 million people claimed unemployment benefits which are almost in line with the estimates of economists, polled by Dow Jones. … [Read more...] about ‘Short-covering can’t be ruled out in USD/INR, deploy Married Put in coming week’
In addition, the report said, most industries will exhibit growth in the number of clouds they will deploy, which can go up to 10 clouds particularly in insurance, telecommunications and retail as these industries will continue to expand multiple cloud deployments in the next three years. … [Read more...] about Indian enterprises to spend half their IT budget on hybrid cloud: IBM report