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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615553185,"share":"https://ttm.financial/m/news/1154730003?lang=&edition=fundamental","pubTime":"2021-03-12 20:46","market":"us","language":"en","title":"Toplines Before US Market Open on Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=1154730003","media":"Tiger Newspress","summary":"Futures contracts tied to the major U.S. stock indexes traded lower10-year Treasury yield rebounds b","content":"<ul><li>Futures contracts tied to the major U.S. stock indexes traded lower</li></ul><ul><li>10-year Treasury yield rebounds back to near high for the year</li></ul><p>Futures contracts tied to the major U.S. stock indexes traded lower early Friday as the 10-year yield jumped, rekindling fears that rising rates will take the comeback momentum out of equities, especially tech names.</p><p>At 7:36 a.m. ET, Nasdaq 100 e-minis were down 182 points, or 1.39%, S&P 500 e-minis were down 15.5 points, or 0.39%, and Dow e-minis were up 17 points, or 0.05%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee5d1aa0af19e003a44e2cee2ff1ed01\" tg-width=\"1080\" tg-height=\"368\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 07:36</span></p><p>The10-year Treasury yield, which moves inversely to price, rose to about 1.6% on Friday, back towards recent one-year highs. The 10-year yield reached as high as 1.62% earlier in this month before retreating.</p><p>The Nasdaq has been particularly hit by the sell-off in recent weeks and entered correction territory on Monday as investors swapped richly valued technology stocks with those of energy, mining and industrials companies that are poised to benefit more from an economic recovery.</p><p>The yield-sensitive group of Facebook Inc Apple Inc, Amazon.com Inc, Netflix Inc, Google-parent Alphabet Inc, Tesla Inc and Microsoft Corp was down between 1.7% and 4.4% in premarket trading.</p><p>Treasury yields climbed after Biden signed the $1.9 trillion coronavirus relief package into law on Thursday afternoon.</p><p>The plan will send direct payments of up to $1,400 to most Americans. Direct deposits will start hitting Americans’ bank accounts as soon as this weekend, White House press secretary Jen Psaki said Thursday.</p><p>In addition to announcing his plan to make Covid vaccines available to all adults aged 18 and above, Biden said in his first primetime address to the nation on Thursday evening, that Americans should hopefully be able to gather in small groups to celebrate the Fourth of July.</p><p>Yields were also higher after the number of weekly new jobless claims came in lower than expected on Thursday, totaling 712,000 for the week ended March 6, below the 725,000 estimate.</p><p>The 10-year yield has risen rapidly recently, shooting up from 1% since the end of January, amid concerns about rising inflation. These concerns have been compounded by fears that the U.S. government’s fiscal relief package, alongside the reopening of the economy, could stimulate it too quickly and cause a surge in prices.</p><p>On Friday, February’s producer price index is due out at 8:30 a.m. ET, while the University of Michigan’s consumer sentiment and inflation expectations data for March is expected to be released at 10 a.m. ET.</p><p>There are no auctions due to be held Friday.</p><p><b>Stocks making the biggest moves premarket</b></p><p>Ulta Beauty(ULTA) – Ulta Beauty announced that CEO Mary Dillon will step down in June to be replaced by company President David Kimbell. Dillon will move to the role of executive chairman. Separately, the cosmetics retailer beat estimates on the top and bottom lines for its latest quarter, but did cut its fiscal 2021 comparable sales outlook. Ulta lost 8.2% in premarket trading.</p><p>Poshmark(POSH) – Poshmark reported better-than-expected sales for its latest quarter, but the online retailer of secondhand goods issued a current-quarter forecast that was short of analyst estimates. Its stock tumbled 12.3% in premarket action.</p><p>Novavax(NVAX) – Novavax shares soared 16.5% premarket after the drug maker said its Covid-19 vaccine was effective at high levels against both the original strain of the virus as well as the U.K. variant.</p><p>DocuSign(DOCU) – DocuSign beat estimates by 15 cents with an adjusted quarterly profit of 37 cents per share, and the electronic signature company’s revenue was also above analysts’ forecasts. It also issued a better-than-expected outlook, but shares fell 4% in premarket trading.</p><p>Sanofi(SNY),Translate Bio(TBIO) – The drug makers began a human trial for their second Covid-19 vaccine project, following a delay in their first vaccine last year. This vaccine is based on messenger RNA technology, and the two companies expect interim study results in the third quarter. Translate Bio shares rose 5.1% premarket.</p><p>Alibaba(BABA) – Alibaba is facing a possibly record fine from China antitrust regulators, according to people with knowledge of the matter who spoke to the Wall Street Journal. The paper said the fine could exceed the $975 million that chipmaker Qualcomm paid in 2015, as regulators push Alibaba to disassociate itself from founder Jack Ma and to align itself more closely with the Communist Party. The e-commerce giant’s shares fell 2.1% in premarket action.</p><p>Netflix(NFLX) – Netflix is testing a new feature to limit password sharing, with some users receiving a request to confirm that they live in the same household as the account holder. Research firm Magid has estimated that about one-third of Netflix users share their passwords. Netflix was down 1.2% premarket.</p><p>Verizon(VZ) – Verizon launched a $25 billion debt sale to help fund its $45 billion purchase of wireless spectrum that will be used to expand next-generation 5G mobile service. MarketWatch reports demand was extremely strong for the sale, more than four times oversubscribed at one point.</p><p>Aegion(AEGN) – Aegion is the subject of a bidding contest betweenNew Mountain Capital(NMFC) andApollo Global(APO). Apollo has made a bid for the pipeline services company between $26 and $30 per share, according to a Bloomberg report, topping the deal Aegion struck with New Mountain last month for $26 per share. Aegion jumped 11.5% premarket, while Apollo rose 2.4%.</p><p>Buckle(BKE) – The fashion accessories retailer reported quarterly earnings of $1.33 per share, 7 cents above estimates, with revenue matching Wall Street forecasts. Comparable store sales were up 18% compared to a year earlier, with online sales up 81.5%.</p><p>Coherent(COHR) – The bidding battle to buy the maker of lasers and laser technology continues with Coherent saying the latest bid by optoelectronic components makerII-VI(IIVI) is superior to the most recent bid fromLumentum(LITE). The bidders have gone back and forth several times, with II-VI’s latest offer consisting of $195 per share in cash and one Lumentum share for each Coherent share. Coherent rose 2.1% premarket, while II-VI fell 1.6%.</p><p>Vail Resorts(MTN) – The resort operator beat Wall Street forecasts on both the top and bottom lines in its latest earnings report, even though Vail was forced to operate at reduced capacity due to the pandemic. Vail did say visitation trends improved throughout the quarter, and shares surged 9.7% premarket.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Toplines Before US Market Open on Friday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-03-12 20:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul><li>Futures contracts tied to the major U.S. stock indexes traded lower</li></ul><ul><li>10-year Treasury yield rebounds back to near high for the year</li></ul><p>Futures contracts tied to the major U.S. stock indexes traded lower early Friday as the 10-year yield jumped, rekindling fears that rising rates will take the comeback momentum out of equities, especially tech names.</p><p>At 7:36 a.m. ET, Nasdaq 100 e-minis were down 182 points, or 1.39%, S&P 500 e-minis were down 15.5 points, or 0.39%, and Dow e-minis were up 17 points, or 0.05%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee5d1aa0af19e003a44e2cee2ff1ed01\" tg-width=\"1080\" tg-height=\"368\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 07:36</span></p><p>The10-year Treasury yield, which moves inversely to price, rose to about 1.6% on Friday, back towards recent one-year highs. The 10-year yield reached as high as 1.62% earlier in this month before retreating.</p><p>The Nasdaq has been particularly hit by the sell-off in recent weeks and entered correction territory on Monday as investors swapped richly valued technology stocks with those of energy, mining and industrials companies that are poised to benefit more from an economic recovery.</p><p>The yield-sensitive group of Facebook Inc Apple Inc, Amazon.com Inc, Netflix Inc, Google-parent Alphabet Inc, Tesla Inc and Microsoft Corp was down between 1.7% and 4.4% in premarket trading.</p><p>Treasury yields climbed after Biden signed the $1.9 trillion coronavirus relief package into law on Thursday afternoon.</p><p>The plan will send direct payments of up to $1,400 to most Americans. Direct deposits will start hitting Americans’ bank accounts as soon as this weekend, White House press secretary Jen Psaki said Thursday.</p><p>In addition to announcing his plan to make Covid vaccines available to all adults aged 18 and above, Biden said in his first primetime address to the nation on Thursday evening, that Americans should hopefully be able to gather in small groups to celebrate the Fourth of July.</p><p>Yields were also higher after the number of weekly new jobless claims came in lower than expected on Thursday, totaling 712,000 for the week ended March 6, below the 725,000 estimate.</p><p>The 10-year yield has risen rapidly recently, shooting up from 1% since the end of January, amid concerns about rising inflation. These concerns have been compounded by fears that the U.S. government’s fiscal relief package, alongside the reopening of the economy, could stimulate it too quickly and cause a surge in prices.</p><p>On Friday, February’s producer price index is due out at 8:30 a.m. ET, while the University of Michigan’s consumer sentiment and inflation expectations data for March is expected to be released at 10 a.m. ET.</p><p>There are no auctions due to be held Friday.</p><p><b>Stocks making the biggest moves premarket</b></p><p>Ulta Beauty(ULTA) – Ulta Beauty announced that CEO Mary Dillon will step down in June to be replaced by company President David Kimbell. Dillon will move to the role of executive chairman. Separately, the cosmetics retailer beat estimates on the top and bottom lines for its latest quarter, but did cut its fiscal 2021 comparable sales outlook. Ulta lost 8.2% in premarket trading.</p><p>Poshmark(POSH) – Poshmark reported better-than-expected sales for its latest quarter, but the online retailer of secondhand goods issued a current-quarter forecast that was short of analyst estimates. Its stock tumbled 12.3% in premarket action.</p><p>Novavax(NVAX) – Novavax shares soared 16.5% premarket after the drug maker said its Covid-19 vaccine was effective at high levels against both the original strain of the virus as well as the U.K. variant.</p><p>DocuSign(DOCU) – DocuSign beat estimates by 15 cents with an adjusted quarterly profit of 37 cents per share, and the electronic signature company’s revenue was also above analysts’ forecasts. It also issued a better-than-expected outlook, but shares fell 4% in premarket trading.</p><p>Sanofi(SNY),Translate Bio(TBIO) – The drug makers began a human trial for their second Covid-19 vaccine project, following a delay in their first vaccine last year. This vaccine is based on messenger RNA technology, and the two companies expect interim study results in the third quarter. Translate Bio shares rose 5.1% premarket.</p><p>Alibaba(BABA) – Alibaba is facing a possibly record fine from China antitrust regulators, according to people with knowledge of the matter who spoke to the Wall Street Journal. The paper said the fine could exceed the $975 million that chipmaker Qualcomm paid in 2015, as regulators push Alibaba to disassociate itself from founder Jack Ma and to align itself more closely with the Communist Party. The e-commerce giant’s shares fell 2.1% in premarket action.</p><p>Netflix(NFLX) – Netflix is testing a new feature to limit password sharing, with some users receiving a request to confirm that they live in the same household as the account holder. Research firm Magid has estimated that about one-third of Netflix users share their passwords. Netflix was down 1.2% premarket.</p><p>Verizon(VZ) – Verizon launched a $25 billion debt sale to help fund its $45 billion purchase of wireless spectrum that will be used to expand next-generation 5G mobile service. MarketWatch reports demand was extremely strong for the sale, more than four times oversubscribed at one point.</p><p>Aegion(AEGN) – Aegion is the subject of a bidding contest betweenNew Mountain Capital(NMFC) andApollo Global(APO). Apollo has made a bid for the pipeline services company between $26 and $30 per share, according to a Bloomberg report, topping the deal Aegion struck with New Mountain last month for $26 per share. Aegion jumped 11.5% premarket, while Apollo rose 2.4%.</p><p>Buckle(BKE) – The fashion accessories retailer reported quarterly earnings of $1.33 per share, 7 cents above estimates, with revenue matching Wall Street forecasts. Comparable store sales were up 18% compared to a year earlier, with online sales up 81.5%.</p><p>Coherent(COHR) – The bidding battle to buy the maker of lasers and laser technology continues with Coherent saying the latest bid by optoelectronic components makerII-VI(IIVI) is superior to the most recent bid fromLumentum(LITE). The bidders have gone back and forth several times, with II-VI’s latest offer consisting of $195 per share in cash and one Lumentum share for each Coherent share. Coherent rose 2.1% premarket, while II-VI fell 1.6%.</p><p>Vail Resorts(MTN) – The resort operator beat Wall Street forecasts on both the top and bottom lines in its latest earnings report, even though Vail was forced to operate at reduced capacity due to the pandemic. Vail did say visitation trends improved throughout the quarter, and shares surged 9.7% premarket.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154730003","content_text":"Futures contracts tied to the major U.S. stock indexes traded lower10-year Treasury yield rebounds back to near high for the yearFutures contracts tied to the major U.S. stock indexes traded lower early Friday as the 10-year yield jumped, rekindling fears that rising rates will take the comeback momentum out of equities, especially tech names.At 7:36 a.m. ET, Nasdaq 100 e-minis were down 182 points, or 1.39%, S&P 500 e-minis were down 15.5 points, or 0.39%, and Dow e-minis were up 17 points, or 0.05%.*Source From Tiger Trade, EST 07:36The10-year Treasury yield, which moves inversely to price, rose to about 1.6% on Friday, back towards recent one-year highs. The 10-year yield reached as high as 1.62% earlier in this month before retreating.The Nasdaq has been particularly hit by the sell-off in recent weeks and entered correction territory on Monday as investors swapped richly valued technology stocks with those of energy, mining and industrials companies that are poised to benefit more from an economic recovery.The yield-sensitive group of Facebook Inc Apple Inc, Amazon.com Inc, Netflix Inc, Google-parent Alphabet Inc, Tesla Inc and Microsoft Corp was down between 1.7% and 4.4% in premarket trading.Treasury yields climbed after Biden signed the $1.9 trillion coronavirus relief package into law on Thursday afternoon.The plan will send direct payments of up to $1,400 to most Americans. Direct deposits will start hitting Americans’ bank accounts as soon as this weekend, White House press secretary Jen Psaki said Thursday.In addition to announcing his plan to make Covid vaccines available to all adults aged 18 and above, Biden said in his first primetime address to the nation on Thursday evening, that Americans should hopefully be able to gather in small groups to celebrate the Fourth of July.Yields were also higher after the number of weekly new jobless claims came in lower than expected on Thursday, totaling 712,000 for the week ended March 6, below the 725,000 estimate.The 10-year yield has risen rapidly recently, shooting up from 1% since the end of January, amid concerns about rising inflation. These concerns have been compounded by fears that the U.S. government’s fiscal relief package, alongside the reopening of the economy, could stimulate it too quickly and cause a surge in prices.On Friday, February’s producer price index is due out at 8:30 a.m. ET, while the University of Michigan’s consumer sentiment and inflation expectations data for March is expected to be released at 10 a.m. ET.There are no auctions due to be held Friday.Stocks making the biggest moves premarketUlta Beauty(ULTA) – Ulta Beauty announced that CEO Mary Dillon will step down in June to be replaced by company President David Kimbell. Dillon will move to the role of executive chairman. Separately, the cosmetics retailer beat estimates on the top and bottom lines for its latest quarter, but did cut its fiscal 2021 comparable sales outlook. Ulta lost 8.2% in premarket trading.Poshmark(POSH) – Poshmark reported better-than-expected sales for its latest quarter, but the online retailer of secondhand goods issued a current-quarter forecast that was short of analyst estimates. Its stock tumbled 12.3% in premarket action.Novavax(NVAX) – Novavax shares soared 16.5% premarket after the drug maker said its Covid-19 vaccine was effective at high levels against both the original strain of the virus as well as the U.K. variant.DocuSign(DOCU) – DocuSign beat estimates by 15 cents with an adjusted quarterly profit of 37 cents per share, and the electronic signature company’s revenue was also above analysts’ forecasts. It also issued a better-than-expected outlook, but shares fell 4% in premarket trading.Sanofi(SNY),Translate Bio(TBIO) – The drug makers began a human trial for their second Covid-19 vaccine project, following a delay in their first vaccine last year. This vaccine is based on messenger RNA technology, and the two companies expect interim study results in the third quarter. Translate Bio shares rose 5.1% premarket.Alibaba(BABA) – Alibaba is facing a possibly record fine from China antitrust regulators, according to people with knowledge of the matter who spoke to the Wall Street Journal. The paper said the fine could exceed the $975 million that chipmaker Qualcomm paid in 2015, as regulators push Alibaba to disassociate itself from founder Jack Ma and to align itself more closely with the Communist Party. The e-commerce giant’s shares fell 2.1% in premarket action.Netflix(NFLX) – Netflix is testing a new feature to limit password sharing, with some users receiving a request to confirm that they live in the same household as the account holder. Research firm Magid has estimated that about one-third of Netflix users share their passwords. Netflix was down 1.2% premarket.Verizon(VZ) – Verizon launched a $25 billion debt sale to help fund its $45 billion purchase of wireless spectrum that will be used to expand next-generation 5G mobile service. MarketWatch reports demand was extremely strong for the sale, more than four times oversubscribed at one point.Aegion(AEGN) – Aegion is the subject of a bidding contest betweenNew Mountain Capital(NMFC) andApollo Global(APO). Apollo has made a bid for the pipeline services company between $26 and $30 per share, according to a Bloomberg report, topping the deal Aegion struck with New Mountain last month for $26 per share. Aegion jumped 11.5% premarket, while Apollo rose 2.4%.Buckle(BKE) – The fashion accessories retailer reported quarterly earnings of $1.33 per share, 7 cents above estimates, with revenue matching Wall Street forecasts. Comparable store sales were up 18% compared to a year earlier, with online sales up 81.5%.Coherent(COHR) – The bidding battle to buy the maker of lasers and laser technology continues with Coherent saying the latest bid by optoelectronic components makerII-VI(IIVI) is superior to the most recent bid fromLumentum(LITE). The bidders have gone back and forth several times, with II-VI’s latest offer consisting of $195 per share in cash and one Lumentum share for each Coherent share. Coherent rose 2.1% premarket, while II-VI fell 1.6%.Vail Resorts(MTN) – The resort operator beat Wall Street forecasts on both the top and bottom lines in its latest earnings report, even though Vail was forced to operate at reduced capacity due to the pandemic. Vail did say visitation trends improved throughout the quarter, and shares surged 9.7% premarket.","news_type":1},"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323043558,"gmtCreate":1615293069774,"gmtModify":1704780699917,"author":{"id":"3577769226770265","authorId":"3577769226770265","name":"MrBrown","avatar":"https://static.tigerbbs.com/59bd0dde4b968158a1506eff19d7abe1","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577769226770265","authorIdStr":"3577769226770265"},"themes":[],"htmlText":"Noted","listText":"Noted","text":"Noted","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323043558","repostId":"2118694941","repostType":4,"repost":{"id":"2118694941","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1615290300,"share":"https://ttm.financial/m/news/2118694941?lang=&edition=fundamental","pubTime":"2021-03-09 19:45","market":"us","language":"en","title":"Tesla loses a third of its value for the third time in a year","url":"https://stock-news.laohu8.com/highlight/detail?id=2118694941","media":"Reuters","summary":"Tesla Inc’s stock extended losses on Monday and is now down by a third from its January record high,","content":"<p>Tesla Inc’s stock extended losses on Monday and is now down by a third from its January record high, making it the third time in about a year that the electric car maker’s shares have corrected that dramatically.</p>\n<p>With investors worried about rising interest rates and dumping high-valuation stocks in recent weeks, Tesla’s market capitalization has fallen by almost $300 billion since its Jan. 26 record high to $550 billion, moving behind Facebook Inc, which it overtook in December after joining the S&P 500.</p>\n<p>Tesla shares fell over 4% on Monday and were down almost 35% from their peak on Jan. 26. The ARK Innovation ETF, which has 10% of its assets investedark-funds.com/arkk#holdings in Tesla, fell 6%.</p>\n<p>Graphic: Facebook retakes market cap lead over Tesla -</p>\n<p><img src=\"https://static.tigerbbs.com/d3f0c4dc40f51aaa95a4877abcb57759\" tg-width=\"717\" tg-height=\"537\"></p>\n<p>Technology and other growth stocks have fallen broadly since Feb. 12, when the Nadsaq closed at its most recent record high. However, Tesla’s decline during that time has been much deeper than Wall Street’s other heavyweights.</p>\n<p>Tesla’s surge in recent months is rooted in expectations it will expand car production quickly and profitably. The stock’s latest dip follows a tweet by Chief Executive Elon Musk on Saturday that an update on Tesla’s planned Cybertruck pickup would likely be provided in the second quarter. Musk unveiled the Cybertruck in 2019.</p>\n<p>The most volatile among Wall Street’s largest companies, Tesla’s shares have fallen by amounts similar to or greater than the current selloff twice since early 2020. The stock slumped over 60% in February and March last year, when the coronavirus pandemic shocked global markets. After soaring to new highs in August, it dropped 33% before resuming its meteoric rise.</p>\n<p>Tesla is now down almost 30% since the Nasdaq peaked on Feb. 12, reducing its gain in the past six months to about 43%. Since Feb. 12, Apple Inc is down about 13%, with Amazon.com Inc, Microsoft Corp and Facebook Inc down less than 10%.</p>\n<p>Since Tesla announced on Feb. 8 that it bought $1.5 billion worth of bitcoins, its stock has steadily fallen, while the price of bitcoin has climbed over 10%. Tesla said it bought the bitcoins during January, and if it hypothetically bought them at the mid-point price of about $45,000 for that month, its investment could now be worth around $1.7 billion, according to Reuters calculations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla loses a third of its value for the third time in a year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla loses a third of its value for the third time in a year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-09 19:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tesla Inc’s stock extended losses on Monday and is now down by a third from its January record high, making it the third time in about a year that the electric car maker’s shares have corrected that dramatically.</p>\n<p>With investors worried about rising interest rates and dumping high-valuation stocks in recent weeks, Tesla’s market capitalization has fallen by almost $300 billion since its Jan. 26 record high to $550 billion, moving behind Facebook Inc, which it overtook in December after joining the S&P 500.</p>\n<p>Tesla shares fell over 4% on Monday and were down almost 35% from their peak on Jan. 26. The ARK Innovation ETF, which has 10% of its assets investedark-funds.com/arkk#holdings in Tesla, fell 6%.</p>\n<p>Graphic: Facebook retakes market cap lead over Tesla -</p>\n<p><img src=\"https://static.tigerbbs.com/d3f0c4dc40f51aaa95a4877abcb57759\" tg-width=\"717\" tg-height=\"537\"></p>\n<p>Technology and other growth stocks have fallen broadly since Feb. 12, when the Nadsaq closed at its most recent record high. However, Tesla’s decline during that time has been much deeper than Wall Street’s other heavyweights.</p>\n<p>Tesla’s surge in recent months is rooted in expectations it will expand car production quickly and profitably. The stock’s latest dip follows a tweet by Chief Executive Elon Musk on Saturday that an update on Tesla’s planned Cybertruck pickup would likely be provided in the second quarter. Musk unveiled the Cybertruck in 2019.</p>\n<p>The most volatile among Wall Street’s largest companies, Tesla’s shares have fallen by amounts similar to or greater than the current selloff twice since early 2020. The stock slumped over 60% in February and March last year, when the coronavirus pandemic shocked global markets. After soaring to new highs in August, it dropped 33% before resuming its meteoric rise.</p>\n<p>Tesla is now down almost 30% since the Nasdaq peaked on Feb. 12, reducing its gain in the past six months to about 43%. Since Feb. 12, Apple Inc is down about 13%, with Amazon.com Inc, Microsoft Corp and Facebook Inc down less than 10%.</p>\n<p>Since Tesla announced on Feb. 8 that it bought $1.5 billion worth of bitcoins, its stock has steadily fallen, while the price of bitcoin has climbed over 10%. Tesla said it bought the bitcoins during January, and if it hypothetically bought them at the mid-point price of about $45,000 for that month, its investment could now be worth around $1.7 billion, according to Reuters calculations.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118694941","content_text":"Tesla Inc’s stock extended losses on Monday and is now down by a third from its January record high, making it the third time in about a year that the electric car maker’s shares have corrected that dramatically.\nWith investors worried about rising interest rates and dumping high-valuation stocks in recent weeks, Tesla’s market capitalization has fallen by almost $300 billion since its Jan. 26 record high to $550 billion, moving behind Facebook Inc, which it overtook in December after joining the S&P 500.\nTesla shares fell over 4% on Monday and were down almost 35% from their peak on Jan. 26. The ARK Innovation ETF, which has 10% of its assets investedark-funds.com/arkk#holdings in Tesla, fell 6%.\nGraphic: Facebook retakes market cap lead over Tesla -\n\nTechnology and other growth stocks have fallen broadly since Feb. 12, when the Nadsaq closed at its most recent record high. However, Tesla’s decline during that time has been much deeper than Wall Street’s other heavyweights.\nTesla’s surge in recent months is rooted in expectations it will expand car production quickly and profitably. The stock’s latest dip follows a tweet by Chief Executive Elon Musk on Saturday that an update on Tesla’s planned Cybertruck pickup would likely be provided in the second quarter. Musk unveiled the Cybertruck in 2019.\nThe most volatile among Wall Street’s largest companies, Tesla’s shares have fallen by amounts similar to or greater than the current selloff twice since early 2020. The stock slumped over 60% in February and March last year, when the coronavirus pandemic shocked global markets. After soaring to new highs in August, it dropped 33% before resuming its meteoric rise.\nTesla is now down almost 30% since the Nasdaq peaked on Feb. 12, reducing its gain in the past six months to about 43%. Since Feb. 12, Apple Inc is down about 13%, with Amazon.com Inc, Microsoft Corp and Facebook Inc down less than 10%.\nSince Tesla announced on Feb. 8 that it bought $1.5 billion worth of bitcoins, its stock has steadily fallen, while the price of bitcoin has climbed over 10%. Tesla said it bought the bitcoins during January, and if it hypothetically bought them at the mid-point price of about $45,000 for that month, its investment could now be worth around $1.7 billion, according to Reuters calculations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
