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 500 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
Banking & financials stocks were also on buyers' radar, with Nifty Bank and financial services indices rising 0.9 percent and 0.7 percent. respectively, amid hopes that lending activities after the end of six-month moratorium will turn strong in the coming weeks, which could support economic recovery. … [Read more...] about Sensex jumps over 600 points, Nifty closes above 11,400; 4 factors that lifted market
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