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Markets are wavering ahead of inflation data.
Major stock indexes opened lower, then recouped some of those declines. Treasury yields rose in early trading but have also reversed.
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Marketwatch:
Fisker (FSR): Shares plunged in Tuesday trading.Tesla (TSLA): Shares rose more than 4%
Nvidia (NVDA): The chip giant is on track to rise for a tenth straight session. #TrendingNow #StocksToBuy pic.twitter.com/CXQA2uMjaH
— The_Journalbiz (@the_journalbiz) November 14, 2023
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Stocks are coming off a two-week rally during which the S&P 500 gained 7.2%, rising in nine of 10 sessions.
Fisker (FSR): The electric vehicle company cut its production target and reported a bigger loss and smaller revenue than analysts had expected. Shares plunged in Tuesday trading.
Tesla (TSLA): The EV heavyweight looked set to build on Monday’s rise of more than 4%, with Tesla stock trading up more than 4% in afternoon action.
Nvidia (NVDA): The chip giant is on track to rise for a tenth straight session. The shares have traded at levels that would mean a new closing high.
Boeing (BA): China is considering an end to its freeze on purchases of Boeing’s 737 jetliners to coincide with this week’s Biden-Xi meeting, Bloomberg News reported. Several airlines also unveiled big deals to buy Boeing airplanes at the Dubai Airshow. Boeing stock rose more than 4% in midday trading.
Plug Power (PLUG): The hydrogen fuel-cell maker was roughly flat after falling earlier this morning. Shares had slumped Friday after Plug Power said it might go bust, in another setback for clean-energy companies.
