The S&P 500 was flat early Thursday following a mixed set of profit reports and forecasts from Tesla and other influential stocks. The Dow was 9 points higher, and the Nasdaq composite was up 0.1%. In the bond market, the yield on the 10-year Treasury hit its highest level since 2007 before paring back. Oil prices gave back a chunk of their jump from a day before, which was launched by worries about war in the Middle East.Wall Street edged lower early Thursday as after big U.S.
AT&T shares jumped 4.7% after the telecom beat Wall Street’s third-quarter expectations and raised its guidance for the year.Worries about war in the Middle East are also dragging on markets. Early Thursday, U.S. benchmark crude oil fell 72 cents at $86.55 per barrel in electronic trading on the New York Mercantile Exchange. It had surged $1.83 on Wednesday to $87.27 per barrel.
Tesla's share price fell 7.2% in afterhours trading after it reported Wednesday that its net income slumped in the third quarter, as price reductions helped drive strong sales growth but ate into the automaker’s profit margins.
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Stock market today: Wall Street drifts after a strong retail sales reportNEW YORK (AP) — Wall Street drifted following the latest signal that the U.S. economy remains solid, though perhaps too strong for the Federal Reserve’s liking.
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Stock market today: Wall Street slips in early trading and crude oil prices riseNEW YORK (AP) — Wall Street is dipping in early trading following a mixed set of profit reports from big U.S. companies. Worries about war in the Middle East are also dragging on the market. The S&P 500 was 0.
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