In early Friday trade, Tesla Inc. (TSLA, -3.87%) shares fell 3.2%, breaking below a critical mark on the chart that may indicate the beginning of a longer-term slump. Following Tesla’s dismal earnings announcement, the stock fell 16.4% over a three-day losing streak. Tesla was on track to have its worst three-day performance since it fell 20.7% during the three days that ended on December 27, 2022. For the first time since May 26, the stock was expected to close below its 200-day moving average (200-DMA), which rose to $214.69 on Friday. Many Wall Street chart observers see the 200-DMA as a boundary between longer-term uptrends and downtrends over the last three months, during which time the S&P 500 SPX has dropped 6.5%.
Breaking News: The Supreme Court struck down the Biden administration’s student loan forgiveness plan on Friday, a resounding setback for tens of millions of borrowers. The ruling also imposes new restrictions on presidential power. Follow live updates.
On Friday, stocks fell as the 10-year Treasury yield increased which raised more general worries on the status of the economy. The Nasdaq Composite fell 0.8% while the S&P 500 declined 0.6% and was headed for its first losing week in three. American Express led the Dow Jones Industrial Average down 118 points, or 0.4% […]
View this post on Instagram This all I'm sayin tho…. #USorELSE #PrayForHouston🙏🏽 But Stay AWAKE too!!! A post shared by TIP (@troubleman31) on Aug 29, 2017 at 7:12pm PDT Joel Olsteen of Lakewood Church in Houston, Tx has been the center of ridicule since Hurricane Harvey touched down on the 3rd Coast on […]