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S&P 500 Sees Mixed Performance as Tesla and Sirius XM Lead Gainers
Stock Market News | Jul 04 2024 01:03 PM IST
The stock market is experiencing a mix of gains and losses today, with the S&P 500 up by 0.51%. Tesla and Sirius XM Holdings are among the top gainers, while Walgreens Boots Alliance and Inhibrx are the top losers. The S&P 500 Caps is also on the rise, with some individual stocks such as Gamida Cell Ltd. and View, Inc. showing impressive gains. Out of the 11 sectors, only 1 is advancing today. Investors will continue to closely monitor the market as they make informed decisions. Read Full Story
Yahoo FinanceHere's the Best-Performing Stock-Split Stock of 2024 So Far -- and It Isn't Even Close
According to the Chinese calendar, 2024 is the "year of the wood dragon" Several major companies have either already conducted stock splits or plan to do so. Historically, stocks tend to perform well after announcing stock splits. Here's the best stock-split stock of 2024 so far -- and it isn't even close.
NASCAR unveils electric SUV, but the race series isn’t giving gasoline the boot
NASCAR unveiled an all-electric SUV that has twice as much horsepower as any of their current gas guzzlers. NASCAR executives insist they have no plans to turn away from fuel-burning power any time soon. NASCAR introduced a broader initiative last year to reduce its overall net carbon emissions to zero by 2035.
These two amusement park giants just merged. Rollercoaster fans are nervous
Six Flags and Cedar Fair completed an $8 billion merger this week. The two companies operate 42 amusement and water parks across 17 states. Fans fear the parks could lose their nostalgic elements and become a sea of corporate sameness. The new company, Six Flags Entertainment Corp., does not anticipate making any major changes.
This ETF is trying to satisfy appetites for weight loss stocks
Tema ETFs has been capitalizing on the risk appetite for weight loss stocks. The firm's founder and CEO Maurits Pot thinks the winning weight loss trade isn't based on just hype. His top holdings include Mounjaro manufacturer Eli Lilly and Ozempic and Wegovy maker Novo Nordisk.
Yahoo FinanceChina's BYD acquires 20% stake in Thai dealer Rever Automotive
China's BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand. Thailand is BYD's largest market outside of China where it is an electric vehicle market leader. The Shenzhen-based automaker opened its first factory in Southeast Asia in Thailand this week.
China's BYD acquires 20% stake in Thai dealer Rever Automotive
China's BYD will acquire a 20% stake in its local distributor Rever Automotive in Thailand. Thailand is BYD's largest market outside of China where it is an electric vehicle market leader. The Shenzhen-based automaker opened its first factory in Southeast Asia in Thailand this week.
The average wedding costs well over $30,000. Some couples are having 'micro weddings' instead
"We don't need to do this big thing where we're going to put ourselves out financially," says Vanessa Acosta. The couple decided to get married in their backyard with just 54 of their closest family and friends. The average cost of a wedding ceremony and reception in 2023 was $35,000.
Southwest Airlines shareholders puzzled by Elliott's activism can look to past campaigns for insight
Hedge fund Elliott Management revealed a $1.9 billion stake in Southwest Airlines in June. The initial rally in the stock quickly fizzled. Elliott's demand that Southwest fire CEO Bob Jordan and oust Chairman Gary Kelly has raised questions about whether the activist fully understands Southwest's insular culture.
Yahoo FinanceWalgreens Is Closing 91 Stores This Year — Here's the Full List
Walgreens is closing up to a quarter of its 8,600 stores within the United States. CEO Tim Wentworth said the closures would focus on locations that aren't profitable. It follows a declining trend of picking up prescriptions in person, with many people opting to fill their scripts online.
Yahoo Finance3 Reliable Dividend Stocks With Yields Above 5% You Can Buy With $100 in July
Pfizer, Ares Capital, and Bristol Myers Squibb are reasonably valued. There's a good chance that all three can meet their commitments and continue raising them for many years to come. At recent prices, Pfizer offers a juicy 6% yield, supported by profit from sales of innovative new drugs.
Yahoo FinanceLumber Prices Are Crashing! What Does That Mean for Home Depot Stock Investors?
Fool.com contributor Parkev Tatevosian discusses how changing lumber prices could influence Home Depot's profits. The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now. The 10 stocks that made the cut could produce monster returns in the coming years.
Yahoo FinanceStock market today: S&P 500, Nasdaq jump to fresh records as jobs report fuels bets for September rate cut
US stocks cleared all-time highs on Friday as investors embraced the idea that the June jobs report will push the Federal Reserve closer to a rate cut. The S&P 500 advanced around 0.6% on the heels of the new data after notching a record close in a shortened session on Wednesday. The Dow Jones Industrial Average climbed 0.2%, while the tech-heavy Nasdaq Composite increased 0.9%.
Tesla shares wipe out loss for the year with 27% rally this week
Shares of the electric vehicle maker closed Friday at $251.55. They ended last year at $248.48, and proceeded to fall as low as $138.80 in April. The latest rally was sparked by a better-than-expected deliveries report for the second quarter.
Yahoo FinanceStock market today: S&P 500, Nasdaq build on records as jobs report fuels bets for September rate cut
US economy added 206,000 jobs in June, more than the 190,000 expected on Wall Street. But the unemployment rate unexpectedly rose slightly to 4.1%, its highest level since November 2021. Signs of looser conditions in labor data earlier this week bolstered the idea that inflation will keep easing, setting the stage for the Fed to lower interest rates.
GlobalFoundries races to find semiconductor talent as demand for chips soars
U.S. chips industry expected face a shortage of 67,000 technicians, computer scientists and engineers by 2030. GlobalFoundries, the third-largest chipmaker globally, is casting a wide net to recruit talent. The company creates chips for everyday products from electronics and phones to autos, in addition to components for space and defense.
Yahoo FinanceMacy's Stock Soars on Reported Increased Takeover Offer
Activist investor Arkhouse Management and its partner, Brigade Capital Management, are said to have once again raised their offer to buy Macy's. The Wall Street Journal reported the new bid is for $24.80 per share, up from the initial offer of $21 in December. The report sent shares of Macy's soaring in trading Friday.
Jeff Bezos To Sell $5 Billion In Amazon Shares: Could He Be Raising Cash For Seattle Seahawks Purchase?
Jeff Bezos to sell 25 million Amazon shares valued at $4.93 billion. Bezos sold $8.5 billion in shares in February. Speculation could grow that Bezos is raising cash to make a push to own a National Football League team. Bezos was previously linked with making a bid for the Washington Commanders, a D.C.-based NFL team.
Yahoo FinanceGold Hits Highest Since May After Cooling US Employment Data
Gold jumped to a six-week high after US hiring data pointed to a gradual cooling in the labor market. Bullion was up 1.4% to $2,389.35 an ounce as of 1:30 p.m. in New York. The new figures “keep the prospect for a September rate cut alive,” said Ole Hansen.
Yahoo FinanceSunPower Shares Slump Amid Financial Misconduct Allegations
The company's shares slumped as much as 18%, the most intraday since May 15. The company has declined more than 50% this year amid a broader decline in the rooftop solar market. Ernst & Young notified the company June 27 it was resigning as SunPower’s independent accountant.