Tesla Investors Beware: Bad NIO, Li, XPeng April Deliveries Hit by Covid.
Chinese electric vehicle makersNIO,XPengandLi Autoreported April deliveries on Sunday morning. The numbers aren’t very good. That givesTeslainvestors something else to worry about.NIO(ticker: NIO) del
US STOCKS-Wall Street Closes Sharply Lower on Amazon Slump, Inflation Worries
$Amazon(AMZN)$ tumbles after results and outlook fall shortApple slips after flagging supply problemsMonthly inflation surged by the most since 2005Indexes end: S&P 500 -3.63%, Nasdaq -4.17%, Dow -2.7
GLOBAL MARKETS-Global Shares Fall on Inflation, Central Bank Moves
"MSCI's gauge of stocks across the globe shed 0.19% at 5:12 p.m. EST .The Dow Jones Industrial Average fell 112.18 points, or 0.34%, to 33,174.07, the S&P 500 lost 18.36 points, or 0.43%, to 4,259.52 and the Nasdaq Composite dropped 125.58 points, or 0.95%, to 13,129.96.The pan-European STOXX 600 index lost 1.69%.The dollar index rose 0.554%, with the euro up 0.04% to $1.0987.The yield on 10-year Treasury notes was up 6.3 basis points to 2.011% after hitting 2.021%, its highest level since Feb.