Analyst View: Nasdaq confirms correction while S&P and Dow erase 2018 gain
U.S. stocks tumbled again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and S&P 500’s gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled worries about economic and profit growth.
Tesla posts profit with Model 3 surge, shares jump
Tesla pulled off what Chief Executive Elon Musk called an “historic quarter” for the electric carmaker on Wednesday, posting a profit, positive cash flow and fatter-than-expected margins as higher production volumes of its new Model 3 began to pay off….
AMD revenue forecast falls short of estimates, shares sink
Advanced Micro Devices Inc on Wednesday forecast fourth-quarter revenue below estimates as the chipmaker wrestled with waning demand from cryptocurrency miners for its high-margin graphic processors, sending its shares down 21 percent.
Ford third-quarter profit beats estimates, shares rise
Ford Motor Co on Wednesday reported slightly higher than expected third-quarter profit and stuck to its targets for the year, raising investor hopes for a strong fourth quarter and sending its shares up as much as 7 percent after-hours.
Investors flee stocks on global worries, Treasuries rise
Wall Street stock indexes tumbled on Wednesday as spooked investors ran for safety on global economic and political worries while U.S. Treasuries prices climbed and the U.S. dollar surged.
Airbus eyes A220 jet cost cuts ahead of Montreal supplier meeting
European planemaker Airbus SE is working to improve quality and slash costs on the production of its new A220 jet, company executives said on Wednesday, ahead of a gathering with suppliers this week in Montreal.
Whirlpool profit beats estimate on higher North America sales
U.S. home appliances group Whirlpool Corp reported a quarterly profit that beat analysts’ estimates on Wednesday, boosted by price increases and higher sales in North America as consumers spend more on durable goods in a strong economy.
Visa tops profit estimates as consumer spending grows
Visa Inc topped Wall Street estimates for quarterly profit on Wednesday, as the world’s largest payments network benefited from higher credit- and debit-card spending in a strengthening U.S. economy.
Microsoft results beat estimates on strong cloud growth
Microsoft Corp beat Wall Street estimates for revenue and profit in its first quarter on Wednesday, as more businesses signed up for its Azure cloud computing services and Office 365 software.
Stocks fall on global worries while Treasuries rise
Stock markets around the world were lower on Wednesday while U.S. Treasuries prices rose as investors favored safer bets due to global economic and political fears, while the U.S. dollar surged and oil prices steadied after the previous day’s session.
