Elon Musk’s 2018 Tesla pay package must be restored, Delaware Supreme Court rules
Shareholder Richard J. Tornetta brought the suit, accusing Musk and the Tesla board of a breach of fiduciary duties.
-
-
US stock markets finishes the week flat after gains on Thursday and Friday
It was a week in two parts as heavy selling hit markets to start the week as the post-FOMC slump continued. That turned around yesterday in part due to strong revenues from Micron and the bounce continued today. A lower US CPI also helped even if it was likely skewed by data collections problems due to the government shutdown.
On net, for the week the S&P 500 finished the week virtually flat.
On the day:
- S&P 500 +0.8%
- Nasdaq Comp +1.1%
- Russell 2000 +0.8%
- DJIA +0.3%
- Toronto TSX +1.2%
Today was a strange day because it featured the largest options expiration in history — an estimated $7.1 trillion. Ultimately, that led to some fairly normal price action after a burst of buying at the open. We spent the last half of the day in a tight range.
The winners on the day featured a mixture of recent losers (short covering?) and some momentum names:
- Carnival Cruise Lines
- Moderna
- Micron
- Oracle
- AMD
- Norwegian Cruise lines
All were up more than 5% to lead the S&P 500.
The laggards:
- Nike (-10.9%)
- Lamb Weston
- DH Horton (housing is struggling)
- Lululemon
The Mag7 names were mostly restrained, which might have been due to heavy options expiries:
- NVDA +3.4%
- MSFT -0.1%
- AMZN +1.0%
- TSLA -0.2%
- AAPL -0.5%
- META +0.2%
- GOOG +0.6%
This article was written by Adam Button at investinglive.com.
-
Wall Street saves a weekly win, and one of our cyber stocks gets closer with Google
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading. -
The Weekly Bottom Line: Data with A Grain of Salt
Canadian Highlights Canada’s data deluge showed a cooling trend in November core inflation, which reinforces the Bank of Canada’s shift to a hold stance. Canada’s population saw its steepest decline on record in the third quarter. Weak go-forward population gains should weigh on economic activity and maintain downward pressure on the unemployment rate. Canadian home […]
The post The Weekly Bottom Line: Data with A Grain of Salt appeared first on ActionForex.
-
Weekly Economic & Financial Commentary: More Data, More Questions
Summary United States: More Data, More Questions The latest employment and inflation data don’t materially change the economic narrative, though they do bring some questions on data quality. Ultimately, the jobs market continues to steadily moderate, and consumer inflation is softening, just not to the degree that the November data suggest. We continue to expect […]
The post Weekly Economic & Financial Commentary: More Data, More Questions appeared first on ActionForex.
-
Nine of the largest pharma companies ink deals with Trump to lower drug prices
President Donald Trump has pushed to lower drug prices for Americans, which are on average nearly three times higher than overseas. -
Silver Price Analysis: XAG/USD surges to new all-time highs near $67.50
Silver price rallies to a new all-time high of $67.45 even though US Treasury yields and the Dollar remained firm on Friday, amid the lack of catalysts, except for the US Consumer Sentiment poll made by the University of Michigan, which showed that US households are trimming spending on durable good -
-
Gold climbs to $4,350 as safe-haven flows ignore firm US Dollar, yields
Gold (XA/USD) surges during the North American session on Friday, up 0.30% despite rising US Treasury bond yields and of the US Dollar, which is poised to finish the week with modest gains of 0.25%. At the time of writing, XAU/USD trades at $4,344 after bouncing off daily lows of $4,309. -
SP500 update: Elliott Wave, seasonality, and cycles indicate more upside
By using the Elliott Wave (EW) Principle, we expected in our previous update from December 5, see here, for the SP500 (SPX) that
End of content
End of content