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$Tesla Motors(TSLA)$  Tesla (NASDAQ:TSLA) faces additional pressure from prominent Nordic investors such as Norway's largest pension fund KLP, Sweden's Folksam and Denmark's PFA and PensionDanmark over the company's approach to working with unions. The original standoff with a small number of repair shops in Sweden has now escalated to the point that well-known investors are taking notice.

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A steep drop in shares of $Alphabet-A(GOOGL.US)$, $Amazon(AMZN.US)$ and other technology companies dragged the $Nasdaq Composite Index(.IXIC.US)$ into correction territory Wednesday. The tech-heavy index slid 2.4% in a punishing session that pulled it down more than 10% from its recent high. Its losses accelerated in the afternoon, sending the gauge to one of its worst one-day declines of the year.

In Tuesday's trading session, shares of Netflix Inc. (NASDAQ:NFLX) took a downturn, declining by 0.94% to $376.75. This downward movement ended a two-day surge in the company's stock price and left it $108.25 short of the 52-week high that was achieved on July 19, 2023. The trading volume for Netflix outpaced its average, indicating an increase in investor activity. The drop in Netflix's shares was part of a broader bearish trend in the market. Major market indices such as the S&P 500 and Dow Jones also fell, closing at 4,229.45 and 33,002.38 respectively. Other major players in the tech and entertainment sectors also experienced a slump in their share prices. Apple Inc (NASDAQ:AAPL).'s shares decreased by 0.78% to $172.40, while Walt Disney (NYSE:DIS) Co.'s shares fell by 2.61% to $

The "October effect" is a historical phenomenon where stock markets, particularly in the United States, have experienced significant crashes or downturns in the month of October. While it's important to note that past performance doesn't guarantee future results, here are some notable events associated with the October effect: 1. **Black Tuesday (1929)**: The most infamous October event was the Wall Street Crash of 1929, also known as Black Tuesday, which marked the beginning of the Great Depression. Stock prices plummeted, leading to a severe economic downturn. 2. **Black Monday (1987)**: Another major October event occurred on October 19, 1987, when stock markets around the world experienced a sharp and unexpected crash. This event, known as Black Monday, saw a significant drop in stoc

$NVIDIA Corp(NVDA)$  Drop The Mic' Moment: Godfather of AI Jensen Huang and Nvidia delivered in "homerun fashion," said Ives in a note. The results and guidance were a "drop the mic" moment that will have a ripple impact on the tech space for the rest of the year, he said. "This is an unprecedented demand that we are seeing before our eyes in the AI Gold Rush," the analyst said. The October quarter revenue guidance of $16 billion, which is notably above the $12.6 billion consensus, and the "quickly rising whisper numbers on the Street" will ignite a tech rally, he said, adding that the rally will continue into the rest of the year.

A stretch of strong earnings from some of the biggest U.S. corporations helped push the S&P 500 higher for the week, notching its second consecutive month of gains. The $S&P 500 index(.SPX.US)$ rose Friday and clinched a 1.5% gain for April. The $Dow Jones Industrial Average(.DJI.US)$ added 2.5% for the month, while the tech-heavy $Nasdaq Composite Index(.IXIC.US)$ inched up less than 0.1%. Market volatility remained remarkably subdued for much of the month, with ebbing trading volumes and a prolonged stretch of muted moves for the major indexes.

Gross domestic product rose at a 1.1% annualized rate on the back of the strongest consumer spending in nearly two years, the Commerce Department's initial estimate showed Thursday. The Federal Reserve's preferred underlying inflation metric accelerated to a one-year high. The personal consumption expenditures price index grew at an 4.2% annualized pace in the January to March period. Excluding food and energy, the index rose 4.9%, faster than forecast and the most in a year. 

Tech companies including Microsoft Corp. were among the stock market’s few bright spots Wednesday, as investors digested corporate earnings that offered mixed messages about the state of the U.S. economy. Major indexes on Wednesday morning clawed back some of the previous day’s losses before edging lower leading to the closing bell. The technology-heavy $Nasdaq Composite Index(.IXIC.US)$ rose 0.5% while the $S&P 500 index(.SPX.US)$ dipped 0.4% and the $Dow Jones Industrial Average(.DJI.US)$ ticked 0.7% lower.

Fed Hike No Longer Certain for Traders as Bank Woes Spur Bonds Short-end market rates tumbled Tuesday as a renewed slide in US regional bank shares sent Treasuries surging as investors scurried toward haven assets. Swap contracts for June are now pricing in a central bank benchmark just 21 basis points above the current effective fed funds rate, implying around a four-in-five chance of a hike at one of the next two policy meetings. They had previously this week been pricing May as a near certainty and some possibility of an additional increase in June.

$First Republic Bank(FRC.US)$'s stock fell 22% in after-hours trading on Monday despite stronger-than-expected first-quarter profit from the bank, as deposits disappeared amid concerns about regional banks. FRC First Republic Bank Post Market 04/24 19:05 ET 16.000 +12.20% Post 12.450 -22.19% San Francisco-based lender First Republic (FRC)said that deposits fell 41% in the quarter, though withdrawals have stabilized in April. Executives plan to reduce the bank's workforce by 20% to 25% in the current quarter. Based on the bank's 7,213 full-time employees as of Dec. 31, as disclosed in its annual report, the layoffs could affect up to 1,800 people.

$Bed Bath & Beyond Inc(BBBY.US)$ filed for bankruptcy protection after years of losses and failed turnaround plans left the once-powerful retailer short of cash. The company had warned of a potential bankruptcy for months. It needed a $375 million loan to get through the holidays. It struck an unusual $1 billion financing deal with a hedge fund in February to put off a bankruptcy filing, then scrapped the deal and tried this monthto raise $300 million from other investors.

The number of full-time employees at the six largest U.S. banks collectively fell fractionally in the first quarter, reversing a positive trend in a sign of a cooling economy, according to updates this week. The banks disclosed a total of 1,117,602 people on their collective payrolls as of March 31, down about 0.2%, or 2,569 people, from 1,120,171 on Dec. 31. $Goldman Sachs(GS.US)$ reported the steepest percentage drop of 6.4% as it carried out announced plans to downsize. Wells $Wells Fargo & Co(WFC.US)$ was next with a 1.1% drop and $Morgan Stanley(MS.US)$ trimmed slightly, while $JPMorgan(JPM.US)$ and $Bank of America(BAC.US)$ added jobs fractionally. $Citigroup(C.US)$ remained flat.

U.S. stocks wobbled Friday to close out the week with slight declines as investors weighed quarterly reports from banks and mixed economic data. The S&P 500, Dow Jones Industrial Average and Nasdaq Composite each closed about 0.1% higher on Friday. The indexes oscillated between small gains and losses throughout the session.

It shouldn't have been a surprise that big price cuts have a big impact on margins, but such is the magical thinking around $Tesla(TSLA.US)$ that somehow it was. The electric-vehicle maker reported an 11.4% operating margin for the first quarter, down from 19.2% a year ago. Analysts were expecting 12.2%, according to FactSet. This was the performance metric Wall Street was most focused on after a series of aggressive price cuts by the company, and the stock fell about 4% in after-hours trading.

Stocks and bond yields fell Thursday, pressured by weak corporate earnings reports and economic data that reinforced investors' recession fears. Major indexes dropped at the opening bell, recovered much of their losses shortly after midday and tumbled again in afternoon trading, snapping a two-day lull when New York-listed shares barely budged. The $S&P 500 index(.SPX.US)$ declined 0.6%. The $Dow Jones Industrial Average(.DJI.US)$ shed 0.3%, and the $Nasdaq Composite Index(.IXIC.US)$ fell 0.8%. All three indexes are poised for modest weekly drops.

Tesla reported an in-line quarter with sales of $23.5 billion and earnings per share of 86 cents. Both numbers are roughly in line with Wall Street’s expectations. Tesla stock has dropped 1.7% in after-hours trading after dropping 2% during Wednesday’s regular trading hours. Tesla cut prices significantly for its vehicles in January and lower prices pressure profitability. The EV maker cut prices for some of its vehicles again Tuesday. The price of a Model 3 rear-wheel drive was cut by $2,000 to $39,990, the company’s website showed. The cost of Model Y, long range and performance vehicles also were cut by $3,000. Some Tesla prices have come down by roughly one-quarter so far in 2023.