Stock Market

It’s been a rough stretch for your 401(k) – and an even rougher one if your name happens to be Elon Musk. The stock market stumbled again on Tuesday, with the S&P 500 dropping over 1%, taking Tesla down with it and trimming billions from Musk’s already shrinking fortune.Before you start worrying, it looks like he’ll survive on the remaining billions!How much value has Elon Musk lost?This latest dip isn’t just another bad day for investors. It’s part of a broader pattern that’s been building since December, when Tesla hit...

Tesla co-founder and CEO Elon Musk gestures while introducing the newly unveiled all-electric ... battery-powered Tesla Cybertruck at Tesla Design Center in Hawthorne, California on November 21, 2019. (Photo by Frederic J. BROWN / AFP) (Photo by FREDERIC J. BROWN/AFP via Getty Images)AFP via Getty Images Tesla stock is down 46% from its December 2024 high, according to CNBC, a $677 billion loss in stock market value. That still leaves the company with $842 billion in market cap – 8.6 times Tesla’s 2024 revenue of $97.7 billion, according to Tesla’s...

The S&P 500 and Nasdaq 100 are hovering near their 200-day moving averages, a key technical support level.The 200-day moving average is an important indicator of potential trend reversals in stocks.Traders believe an immediate bounceback is needed for stocks to avoid further declines.The stock market has entered the danger zone as the S&P 500 and Nasdaq 100 hover near their 200-day moving averages.Both indexes are trading at the key technical support level after a 6% decline in the S&P 500 and a 9% sell-off in the Nasdaq 100 since mid-February.The...

The latest jobs report released Friday showed the construction industry increased its pace of hiring while unemployment for workers in the industry also rose. Data from the Labor Department showed that construction firms added 19,000 jobs in February, following a small gain of 4,000 in January. This marked the strongest month of growth since the third quarter of 2024. However, this growth came alongside a rise in the construction unemployment rate, which increased to 7.2% compared to the overall unemployment rate of 4.1% for the month. "The sizable jump in...

The markets sank back toward session lows on Thursday after President Trump announced that tariffs on goods and services from Mexico that fall under the US-Mexico-Canada trade agreement (USMCA) would be delayed until April 2. However, the president did not say the same about Canada. "After speaking with President Claudia Sheinbaum of Mexico, I have agreed that Mexico will not be required to pay Tariffs on anything that falls under the USMCA Agreement. This Agreement is until April 2nd," Trump wrote on Truth Social. "I did this as an accommodation,...

The U.S. stock market indexes pulled back their earlier increases on Thursday morning because of rising trade tariff ambiguity and pending job statistics reports. The Dow Jones Industrial Average dropped 335 points while both the S&P 500 and NASDAQ Composite lost their respective values by 1% and 1.1%. In the initial part of the session, the market indexes achieved more than 1% gains before returning to previous levels while maintaining their current week declines beyond 1%. The market focuses on evaluating trade policy changes because economic expansion worries have emerged...

Dow futures dropped nearly 400 points the day after stocks staged a massive rebound. The White House announced a one-month delay on tariffs for automakers. Macy's reported mixed results for the fourth quarter. Here are five key things investors need to know to start the trading day: 1. Recovery rally Stocks avoided a third-straight day of losses Wednesday after President Donald Trump raised investors' hopes for more exemptions to his broad tariffs. The three major averages staged a massive rebound, with the S&P 500 surging 1.12% and the Nasdaq Composite...

Big shifts in global government policy are pushing markets around early Thursday.In the U.S., the dollar weakened further and stock futures dropped. The partial rollback of tariffs against Canada and Mexico saw indexes rally Wednesday.Government bonds fell across the globe, pushing up yields.In other recent market action:S&P 500 and Dow industrials futures fell roughly 1%, while Nasdaq-100 futures dropped more.Global markets were mixed. The Stoxx Europe 600 edged lower. Asian indexes largely rose, with Hong Kong’s Hang Seng up 3.3%, driven by gains in Chinese tech stocks.U.S. Treasury yields ticked...

Stock futures were sliding Thursday as the market struggled to make sense of U.S. President Donald Trump’s trade policies ahead of jobs numbers that could help determine how many times the Federal Reserve is able to cut interest rates in 2025.The three blue-chip U.S. indexes staged a comeback Wednesday after the White House gave car makers a one-month reprieve from tariffs. Press Secretary Karoline Leavitt said Trump might be open to granting more exemptions, boosting investors’ hope that he could scale back some of the levies he’s promised to impose...

US stock futures held steady after a volatile day of trading ended in a rally, driven by President Donald Trump's one-month pause on tariffs targeting automakers. Futures attached to the Dow Jones Industrial Average (YM=F) and the benchmark S&P 500 (ES=F) remained flat. Futures attached to the tech-heavy Nasdaq (NQ=F) fluttered 0.2%. CBOT - Delayed Quote • USD As of 8:01:32 PM EST. Market Open. YM=F ES=F NQ=F Trump revealed a one-month delay on tariffs affecting cars entering the US from Canada and Mexico after speaking with Canadian Prime Minister...