S&P 500 Futures Fall 0.5% Amidst Mixed Earnings Reports
Published on Β· Source: cnbc.com
AI Summary
Summarized by AI from the source belowS&P 500 futures declined by 0.5% and Nasdaq 100 futures also fell, following record highs in previous sessions. The Dow Jones Industrial Average dropped 354 points, or 0.7%. Notable declines were seen in IBM and ServiceNow, trading down 7% and 13% respectively after earnings. While Tesla (TSLA) initially rose on better earnings, it later fell by approximately 3% due to increased capital expense warnings from CEO Elon Musk. The recent earnings season has shown 81% of reporting S&P companies exceeding earnings estimates.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Tesla Inc. (TSLA)
Tesla is the leading electric-vehicle maker, also building energy-storage systems, solar products, and autonomous-driving and robotics technology.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Earlier TSLA news
- S&P futures decline after record day as Brent oil tops $100
- Tesla (TSLA) Earnings Rise Despite Increased AI Spending Plans
- Tesla (TSLA) Plans $25 Billion in New Investments for AI
- Tesla (TSLA) Reports Q1 Profit of $477M, Misses Revenue Estimates
- Tesla (TSLA) and IBM stocks see significant after-hours movements
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