Never mind that the Dow Jones Industrial Average rose more than 450 points Monday afternoon. Tesla's ride is still unstable rear Elon Musk's EV maker laid off more than 10% of staff and reduced prices around the world.Tesla shares continued to fall ahead of Tuesday's announcement. Pay attention to the financial report.
but AI chip manufacturer Nvidia bounced off from big drop last week And it was among the top performers Monday. Other big tech stocks such as Amazon and Amazon also rose. sales force. MicroStrategy, Coinbase and other crypto stocks soar Continue Bitcoin halving event.
Other companies reporting results during the busy earnings week include Microsoft, Facebook parent Meta and Google parent Alphabet.
On the other hand, the inflation rate remains high, Federal Reserve is holding off on cutting interest rates.
Just before the market closed on Monday, the Dow Jones Industrial Average rose 326 points, or about 0.9%, to $38,313. The tech-heavy Nasdaq rose 1.3%, while the S&P 500 rose 1.1%.
Tesla stock falls as Elon Musk cuts prices again
tesla have Lower prices in several major markets – include ChinaGermany, and the United States — to fight. Slowdown in demand for electric vehicles first Key earnings report Schedule for Tuesday.
Early this month, Tesla reports quarterly year-over-year growth for the first time Sales have decreased since 2020. The Austin, Texas-based automaker saw sales of its Model 3 compact cars and Model SUVs, which make up the bulk of its deliveries, fall by 10%.
“Tesla's prices have to change frequently to match production and demand.” Musk said on Sunday's X show..
Moreover, Tesla laid off 20% of employees, And 20,000 more people may have been affected by the layoffs than previously thought.
Tesla shares were down 3.1% late Monday afternoon. The stock has fallen more than 42% so far this year, but Making Tesla one of the worst performers Inside the S&P500
Nvidia stock recovers, super microcomputer faces further struggles
Last Friday, there was a big shock for AI stocks.after the super microcomputer announced, Will not announce earnings in advance The stock price fell more than 23%, contributing to the drag on other AI stocks such as Nvidia and Micron Technology.
Nvidia stock has rebounded somewhat from Friday's decline, rising about 4.2% late Monday afternoon and rising to the top of the S&P 500. The supermicrocomputer went down early Monday, but recovered slightly in the late afternoon.
Cryptocurrency stocks soar after Bitcoin halving
Cryptocurrency stocks soared on Monday afternoon. Bitcoin Successful”cut in half” Over the weekend. At the moment, Bitcoin is A solid $66,000experienced a modest rise after the halving.
MicroStrategy stock rises 11.5%. A business intelligence company co-founded by Bitcoin maximalist Michael Saylor. hold 174,530 Bitcoins, worth $4.6 billion and Will buy more soon.
Verizon and AT&T are in the red
among them Latest financial report, Verizon posted a modest increase in revenue, but it fell short of Wall Street expectations as losses on postpaid phones declined, offset by higher plan prices. The wireless carrier recorded net income of $4.72 billion ($1.09 per share) in the first quarter. In comparison, he earned $5.02 billion ($1.17 per share) in the same period last year.
Verizon stock fell 4.7% just before the market closed, making it one of the day's biggest losers in the S&P 500. AT&T stock also fell about 1.4%.
–William Gavin contributed to this article.
