Marketwatch, trending stocks and more
U.S. stocks rose Monday, as momentum from last week’s encouraging inflation data and solid earnings carried into the start of this week despite soft data out of China.
China’s economy grew just 0.8% in the second quarter compared with the first three months of the year, the latest sign that the world’s second-largest economy is sputtering. U.S. markets, though, have been largely immune to China’s problems as investors focus on signs of economic strength at home.
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Marketwatch;
Ford (F): The automaker's stock fell more than 5%
Tesla (TSLA): shares rose 1.1%
Activision Blizzard (ATVI): Shares in the videogame maker rose 3%
AT&T (T): Shares slid 4.3%#stockstowatch pic.twitter.com/TEEeO5yWu4— The_Journalbiz (@the_journalbiz) July 17, 2023
Factset chart
Today, trending stocks today are:
Ford (F): The automaker’s stock fell more than 5% after it said it was cutting prices of its electric Lightning pickup truck. The move comes after Tesla began production of its Cybertruck pickup over the weekend.
Tesla (TSLA): The electric-vehicle maker’s shares ticked up around 1.1% after the rollout of its first Cybertruck. The futuristic electric pickup hits the market four years after Tesla introduced a prototype. It is due to report quarterly earnings on Wednesday.
Activision Blizzard (ATVI): Shares in the videogame maker rose around 3% after Microsoft reached an agreement to keep the “Call of Duty” series on Sony’s PlayStation. The move boosts the chances of Microsoft’s $75 billion deal for Activision going through.
AT&T (T): Shares in the telecom giant slid 4.3%, adding to losses that follow Wall Street Journal articles highlighting the dangers of lead-wrapped transmission cables. The stock is on track for its lowest close since March 1993.
