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High-tech stock sell-off Tesla loses $244 billion in value

03/08/2021, 9:53 PM Last year, Tesla advanced to become by far the most valuable automaker. In the new year, it goes down at the same pace for the company of Elon Musk on Wall Street: also in the new trading week, the tech stocks of the Nasdaq shine deep red. The Dow Jones shines green. The value of stock market darling Tesla has shrunk significantly. Over the past month, the electric car maker’s market capitalization fell by more than $244 billion. On Monday, the share already let the fifth session in a row feathers. The reason is, among other things, a wave of selling in high-tech stocks. Investors had driven the Tesla share quickly from 40 dollars to 900 dollars, said an analyst. The crash, he added, was just as hasty. The downward correction could take longer than for other high-tech stocks because retail investors were slower to sell than institutional investors. Other tech stocks also continued to sell off at the start of the week. The index of the technology exchange Nasdaq closed down 2.9 percent at 12,299 points. The Dow Jones index of blue chips, on the other hand, climbed 0.9 percent to 31,802 points and in the meantime reached a new record high. The broader S&P 500 lost 0.5 percent and closed at 3821 points. Drive gave, especially in classic sectors, the prospect of faster economic growth and of billion-dollar stimulus packages. “This is an ideal market for traders because certain sectors and individual stocks are outperforming the broad market,” said Anthony Denier, managing director of trading platform Webull. Stocks that will benefit when the economy picks up are most in demand, he said.

Tech stocks continue slide

The materials sector neared all-time highs, while industrial and financial stocks also hit record highs. Only the technology sector was in the red, with stocks such as Apple, Microsoft and Amazon continuing their slide of the past three weeks. The background to this is the continuing fear of rising interest rates following the rise in yields on US bonds. Rising bond yields mean higher financing costs for governments and companies. This has been hitting technology stocks particularly hard for weeks. “There are tensions over inflationary pressures, and the stimulus package is certainly adding to those pressures, as evidenced by the weakness in tech stocks and the Nasdaq,” said Robert Pavlik, portfolio manager at financial services firm Dakota Wealth in New York. U.S. President Joe Biden’s $1.9 trillion Corona aid package had been approved by the U.S. Senate on Saturday. On Tuesday, the new stimulus package is expected to be signed off by the House of Representatives. U.S. President Biden could then sign the bill into law later this week. Investors hoped that the huge stimulus package would boost the economic recovery.

Gamestop trumps again

Banks gained about one percent as the yield on benchmark 10-year U.S. bonds was near a 13-month high. Airlines climbed as much as seven percent. Among individual stocks, jumping Walt Disney-shares jumped six percent. Health officials in California set new rules that would allow Disneyland and other theme parks to reopen as early as early April. Nearly 42 percent shot up GameStop-shares soared after the U.S. video game retailer announced it had hired shareholder Ryan Cohen to lead its transition to an e-commerce business.

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Tesla for Investors WKN: A1CX3T ISIN: US88160R1014 Symbol: TSLA Forum: Stocks User: Millennial

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pogmoe, 21.05.2022 5:46 0 Please also think about the climate pogmoe, 21.05.2022 5:45 0 Telsa for investors buys the telsa electricity for free. The electricity comes from socket and father city pays the telsa Stacey, 07.01.2022 19:50 0 Stacey, 07.01.2022 19:43 0 https://www.finanzen.net/nachricht/aktien/elektromobilitaet-aufladen-beim-supermarkt-handelskette-globus-will-netz-aus-tesla-ladestationen-ausbauen-10897213 Jannikinvests, 01.12.2021 12:42 0 Gekko662, 15.08.2021 1:11 0 https://youtu.be/XNs65L4SsDE Reox, 27.05.2021 13:17 0 How do you come up with 1.1 seconds? ACCU, 26.05.2021 8:33 1 The problem remains the groundedness in this, the same goes for many investors here with their childish discussions with rockets mentality . Millennial, 21.05.2021 13:10 1 Will be the fastest car in the world in terms of acceleration. 0-100 in 1.1 sec, currently it is still the aspark owl with 1.69. Millennial, 21.05.2021 13:08 1 So I think I’m dreaming with the news about the Roadster. Like James Bond with rocket propulsion. How surreal and cool is that! :d Nachtiii, 20.05.2021 20:28 0 Today at 580 USD is a real wall. Everything is done to prevent a breakthrough. With the Webull app it is very easy to follow. aim.exe, 19.05.2021 17:13 1 Very cheap currently. Will continue to stock up. Millennial, 19.05.2021 17:07 1 So, first tranche bought. Unfortunately, the 460 did not hold but I hope for the session tonight. Shares

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Your short-term expectation for TSLA

Change: mgl. return with Investors have been optimistic about the trillion-dollar stimulus. Most tech stocks, however, continued their slide – Tesla is down six percent.   The New York Stock Exchange on Wall Street The famous street is home to the headquarters of the New York Stock Exchange. (Photo: dpa) New York The U.S. stock markets closed mixed at the start of the week. The prospect of faster economic growth fueled by stimulus packages worth billions pushed aside some of the inflation concerns of U.S. investors. Tech stocks, on the other hand, again came under the wheels. The Dow Jones index of standard stocks went out of trading one percent higher at 31,802 points. The technology-heavy Nasdaq, meanwhile, fell 2.4 percent to 12,609 points. The broad-based S&P 500 lost 0.5 percent to 3821 points. “This is an ideal market for traders because certain sectors and individual stocks are outperforming the broad market,” said Anthony Denier, managing director of trading platform Webull. Stocks that will benefit if the economy picks up are most in demand, he said. Most tech stocks, including Apple, Microsoft, Tesla and Amazon, continued their slide of the past three weeks. The stock market value of electric car maker Tesla has shrunk significantly recently. Over the past month, Tesla’s market capitalization fell by more than $244 billion. The papers of the electric car manufacturer went out of trading with a minus of almost six percent. The background to this is the continuing fear of rising interest rates following the rise in yields on US bonds. Rising bond yields mean higher financing costs for governments and companies. This has been hitting technology stocks particularly hard for weeks. Top Jobs of the Day Find the best jobs now and get email alerts. “There are tensions over inflationary pressures, and the stimulus package is certainly adding to those pressures, as evidenced by the weakness in tech stocks and the Nasdaq,” said Robert Pavlik, portfolio manager at financial services firm Dakota Wealth in New York. U.S. President Joe Biden’s $1.9 trillion Corona aid package had been approved by the U.S. Senate on Saturday. On Tuesday, the new stimulus package is expected to be signed off by the House of Representatives. U.S. President Biden could then sign the bill into law later this week. Investors hoped that the huge stimulus package would boost the economic recovery.

A look at individual stocks

Tesla: On Monday, Tesla shares dropped for the fifth session in a row. The reason is, among others, a wave of selling in high-tech stocks. Investors had driven the Tesla share quickly from 40 dollars to 900 dollars, said an analyst. The crash is just as hasty, he added. The downward correction could take longer than for other high-tech stocks because retail investors were slower to sell than institutional investors.

U.S. stock market expert Markus Koch: “The tech sector is under fire”

Walt Disney: Walt Disney share prices jumped more than six percent. California health officials set new rules that would allow Disneyland and other theme parks to reopen as early as early April. Gamestop: GameStop shares again made a splash, shooting up 41 percent. Earlier, the U.S. video game retailer announced it had appointed shareholder Ryan Cohen to lead the transition to an e-commerce business. IBM: IBM advanced 1.6 percent. The U.S. group is to create the digital vaccination passport in Germany. This was revealed in the online edition of the Official Journal of the European Union. GE/ AerCap: A report of a proposed $30 billion merger with General Electric’s (GE) aircraft leasing division sent AerCap’s stock jumping more than 13 percent. GE bills rose more than four percent. Goldmann Sachs, Visa, American ExpressFinancial stocks were in demand as beneficiaries of rising interest rates. Goldman Sachs gained around two percent, as did the stocks of credit card providers Visa and American Express. The further decline in new infections in the USA and the great progress made with vaccinations are also likely to have helped. As a result, Americans are once again enjoying greater freedom of movement, which is boosting consumer spending. More: Oil price rises sharply after drone attack in Saudi Arabia. Payment Voucher Template Word.




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