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
Moneycontrol.com - News! The Dow to Bounce HigherDow finally breached the 20,000 mark on Jan 25, this year as predicted by our article in the last year (The rise and rise of the Dow, written on Dec 20, 2016). The Trump phenomenon which had created the momentum through the months of November and December faded post the inauguration speech and the controversial executive orders which followed. Wall Street was buoyed by better than expected earnings from both the financial sector, the tech industry and specifically for the Dow on Jan 25, the strong gains seen in the Boeing and Caterpillar shares post their earnings announcement. From the start of this week though, Dow has slipped off the highs seen, trading just below around 19700 mark. There are concerns that the recent executive orders by Trump will likely slow the flow the talent into the country and raise geopolitical tensions, which has dented sentiment on Wall Street. Specifically for the pharmaceutical industry and even a lot of … [Read more...] about The Dow to Bounce Higher
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?
Vodafone Idea said its board will meet on September 4 to discuss the fundraising proposals. The board will assess capital raising measures such as public issue, preferential allotment, private placement, including a qualified institutions placement, by way of issuing equity shares of other instruments. … [Read more...] about Vodafone Idea shares hit upper circuit on $4 bil funding buzz from Verizon, Amazon
US Senate Republicans to propose $300 billion coronavirus aid bill Customers buying high-value products through credit card EMIs at all-time high: HDFC Bank Societe Generale buys 0.7% stake in Strides Pharma, Mayfield XII Mauritius offloads 4.8% shares in Tejas Networks … [Read more...] about TRAI gives Vodafone Idea time till September 4 to show cause for RedX