Placeholder canvas
HomeBusinessTesla's stock plummets as AI company Palantir's earnings soar in futures.

Tesla’s stock plummets as AI company Palantir’s earnings soar in futures.

Published on

Dow Jones futures and S&P 500 futures remained relatively stable ahead of Tuesday’s stock market open, with Palantir Technologies experiencing a significant surge in its stock value following a positive earnings report. Palantir jumped over 18% after reporting earnings per share of 8 cents, in line with estimates, and revenue of $608.4 million. Meanwhile, Tesla experienced a steep decline, plunging to new recent lows, while NXP Semiconductor saw a 3% rally in extended trading after reporting strong earnings and sales results. The overall Dow Jones Industrial Average fell by 0.7%, and the S&P 500 and Nasdaq composite also experienced declines.

In additional late Monday news, NXP Semiconductor, a supplier for Apple, experienced a 3% rally, while Tesla reported a dive to new recent lows. Monday’s stock market action saw Tesla as the biggest loser, down 3.65%, while Nvidia rallied 4.8% to record highs. The day also saw mixed trading for Dow Jones Tech icons Apple and Microsoft, with the former experiencing a 1% climb and the latter a decline of 1.35%. Confirmed uptrends and updated exposure levels in the stock market outlook are crucial reads at this time.

The downward trend of Tesla stock continued on Monday, with a fall of 3.65%, further declining to its lowest level since May 2023, while shares stayed around 40% off their 52-week high. Meanwhile, Apple climbed 1% and Microsoft stock declined by 1.35%. Recommending a consistent daily check of bullish patterns and buy points, the article concluded by highlighting the best stocks to watch in Monday’s stock market, including Lennar, Merck, KKR, and MongoDB.

Source link

Latest articles

Fidelity reports 41% increase in 401(k) ‘millionaires’ in past year.

The year 2023 saw the creation of more 401(k) "millionaires," though the overall number...

Stocks mixed, Bitcoin rises, Wall Street awaits inflation data in short.

Home improvement retailer Lowe's is expecting a temporary slowdown in the demand for home...

Amish woman fatally wounded in Pennsylvania’s Crawford County

In Crawford County, Pennsylvania, the tragic death of 23-year-old Rebekah A. Byler has shaken...

50% of Americans unable to afford down payment for home

A recent Bankrate survey revealed that around half of potential homebuyers in the U.S....

More like this

Fidelity reports 41% increase in 401(k) ‘millionaires’ in past year.

The year 2023 saw the creation of more 401(k) "millionaires," though the overall number...

Stocks mixed, Bitcoin rises, Wall Street awaits inflation data in short.

Home improvement retailer Lowe's is expecting a temporary slowdown in the demand for home...

Amish woman fatally wounded in Pennsylvania’s Crawford County

In Crawford County, Pennsylvania, the tragic death of 23-year-old Rebekah A. Byler has shaken...