U.S. stock futures pointed to a bounce at Wednesday's open after the Nasdaq dropped 10% in three sessions.
which crashed 21% on Tuesday alone, lost $109 billion in the past three sessions. Facebook lost $89 billion.
Tesla rebounded in Wednesday's premarket after its worst single-day loss ever. However, shares of the electric auto maker were still up nearly 300% in 2020 as of Tuesday's close. Tesla's dizzying climb this year had it up as much as 500% at $502 per share when it reached all time highs on Sept. 1, the day after its 5-for-1 stock split took effect.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Exclusive: Exxon downsizes global empire as Wall Street worries about dividendIll-timed bets on rising demand have Exxon Mobil Corp facing a shortfall of about $48 billion through 2021, according to a Reuters tally and Wall Street estimates, a situation that will require the top U.S. oil company to make deep cuts to its staff and projects.
Read more »
European stocks lose nearly all of Monday’s rally after rough Wall Street restartEuropean stocks reversed ground after tech stocks sold off again on Wall Street.
Read more »
Who does Wall Street back for president?Private equity involves three areas of haziness: the amount of money allocated to the industry, the returns it generates and the absence of a benchmark like the S&P 500
Read more »
Biden 2020: Change That Wall Street Liberals Can Believe In?Joe Biden seems interested in redistributing income, but not in challenging the private power of his party’s favorite industries, EricLevitz writes
Read more »
Asia-Pacific stocks decline after overnight Wall Street drop; China inflation data aheadChinese inflation data for August is expected, with the consumer price index and producer price index for that month set to be out at around 9:30 a.m. HK/SIN on Wednesday.
Read more »