Credit Suisse (CS) unraveled early Wednesday, with CS stock falling nearly 28% premarket after its largest backer said it would not provide the Swiss bank with more financial assistance. European stoc...
Tag: Craters
Dow Jones Dives As Powell Makes This Pledge; Tesla Stock Fightback Falters As Rivian Craters
The Dow Jones Industrial Average closed sharply lower after testimony by Fed Chair Jerome Powell unleashed a wave of fear on Wall Street. An attempted fightback by Tesla (TSLA) faltered while rival EV...
Carvana stock craters as outlook darkens for used vehicle market
Shares of Carvana posted their worst day on record Friday after the company missed Wall Street’s top- and bottom-line expectations for the third quarter as the outlook for used cars falls from r...
Dapper Labs Cuts 22% of Staff as NFT Market Craters
At the same time, on-chain data shows that market interest in Dapper Labs’ products is declining, following a broader trend of investors shying away from NFTs. On NBA Top Shot, October sales vol...
Tupperware stock craters after company warns its debt burden may force it out of business
Tupperware Brands Corp. stock tumbled 41% Wednesday, after the maker of food storage products missed third-quarter earnings expectations, warned it may go out of business, and conceded that some of it...
Dow Jones Rallies; Twitter Gains As Elon Musk Makes This Pledge; Facebook Stock Craters
The Dow Jones Industrial Average rallied in a mixed session that saw the Nasdaq lose again. Twitter (TWTR) gained after Tesla (TSLA) CEO Elon Musk issued a takeover pledge. Facebook parent Meta Platfo...
Dow Jones Slips Amid Weak Jobs Data; Warren Buffett Stock Plummets; BBBY Stock Craters On This
The Dow Jones Industrial Average dipped on Wednesday afternoon as indexes gave up early gains. Warren Buffett stock BYD (BYDDF) fell after Berkshire Hathaway (BRKB) sold some of its stake. Bed Bath &a...
Dow Jones Dives; Tesla Slips After Elon Musk Move; AMC Craters As Rival Nears Bankruptcy
The Dow Jones Industrial Average was at session lows as indexes continued to retreat. Tesla (TSLA) took a dive after CEO Elon Musk announced a product move. AMC Entertainment (AMC) plunged as rival Ci...
Dow Jones Gains; BBBY Stock Craters On This Move; Warren Buffett Stock Eyes Buy Zone
The Dow Jones Industrial Average fought its way off session lows as the rally resumed. Meme stock Bed Bath & Beyond (BBBY) collapsed amid an investor pullout with the likes of AMC Entertainment (A...
Housing Market Faces Growing Risk Of Multi-Year Collapse As New Home Construction Craters
Topline New housing starts unexpectedly plunged more than economists projected in July—and to the lowest level in more than a year—as home builders grappled with dwindling demand for new homes, and th...
Dow Jones Falls; Nasdaq Slammed As Snap Craters; Twitter Reveals These Elon Musk Costs
The Dow Jones Industrial Average fell but the Nasdaq fared even worse as losses intensified, following a disastrous Snap (SNAP) earnings report. Twitter (TWTR) rallied out of the red after pointing th...
Coinbase’s stock craters to new lows after earnings disappointment, banks slash price targets
Crypto exchange Coinbase saw its shares drop by more than 20% Wednesday morning, a day after the company released earnings that revealed a declining user base and hefty expenses for the first quarter ...
Dow Jones Dives; Tesla Stock Craters After Elon Musk Buys Twitter; Microsoft Earnings Rise
The Dow Jones Industrial Average sunk lower Tuesday as the bears attacked the stock market again. Tesla (TSLA) flashed a sell signal amid the fallout from the deal CEO Elon Musk made to buy Twitter (T...
Dow Jones Falls As Tech Stocks Fight; Twitter Gains As Elon Musk Takes Control; Donald Trump SPAC Craters
The Dow Jones Industrial Average fought back to even Monday as tech stocks rallied. Twitter (TWTR) spiked as Tesla (TSLA) CEO Elon Musk struck a deal to acquire TWTR for 54.20 a share. In contrast, th...
Fatburger parent’s stock craters after company discloses investigation into CEO
Pakistani customers eat at a Fatburger outlet in Karachi, Pakistan. Rizwan Tabassum | AFP | Getty Images Shares of Fat Brands cratered more than 20% on Tuesday morning after the Fatburger and Johnny R...
Cathie Wood Defends Struggling Tech Stocks As Flagship Fund Craters
Topline Famed stock picker Cathie Wood, the CEO of New York City investment firm Ark Invest, doubled down on her staunch bullishness for disruptive technology even while Ark’s flagship fund crat...
What history says about S&P 500’s performance after its craters
History shows it has paid off to buy stocks after major plunges. An investor buying the S&P 500 (^GSPC) 10% below its high, regardless of whether it was the trough, would have netted a median retu...