Some high profile earnings beats by General Electric, Pepsico and Morgan Stanley helped counterbalance the hangover of Wednesday's big tech earnings misses.» Read More
Craig Irwin of Wedbush Securities calls Tesla's valuation typical of a growth stock, while "Fast Money" trader Gordon Johnson thinks the stock is grossly overvalued.
NEW YORK, Nov 7- Frenzied buying in Twitter shares grabbed Wall Street's attention on Thursday, as the social media stock surged well above expectations, while major indexes fell, with the S&P 500 suffering its worst daily decline since August. The broader market was hurt by weak earnings from Whole Foods and Qualcomm.
A third battery fire involving a Tesla Model S raises new questions about the safety of the popular, but controversial electric car.
NEW YORK, Nov 7- Frenzied buying in Twitter shares grabbed Wall Street's attention on Thursday, as the social media stock surged well above expectations, while major indexes fell, led by the Nasdaq. The broader market was hurt by weak earnings from Whole Foods and Qualcomm.
CNBC's Phil LeBeau reports on the 3rd Tesla Model S fire in the last 6 weeks.
*Qualcomm falls after results, outlook. The broader market was hurt by weak earnings from Whole Foods and Qualcomm. The European Central Bank's decision to cut interest rates helped offset some of the negativity, however, said Randy Frederick, managing director of active trading and derivatives at Charles Schwab in Austin, Texas.
A driver of a Tesla Model S in Tennessee escaped a fire without injury after puncturing the battery compartment, reports CNBC's Phil LeBeau. The NHTSA will determine if there are vehicle safety implications that merit safety action.
Take a look at some of Thursday midday movers:
*Qualcomm falls after results, outlook. The broader market was hurt after weak earnings from Whole Foods and Qualcomm and lackluster economic figures, including the first read on U.S. third-quarter gross domestic product that was elevated by inventory accumulation.
Twitter will debut on Thursday in a market that's been showing clear signs of wear and has some investors burrowing further into defensive names.
"Mad Money" host Jim Cramer explains why Tesla Motors stock plummeted, especially after reporting better-than-expected earnings the day prior.
U.S. stocks mostly climbed on Wednesday, with the Dow Jones Industrial Average closing at another record, as investors bought into optimism that the Federal Reserve would continue its stimulus.
*Microsoft touches 12- yr high as CEO search narrows. NEW YORK, Nov 6- The Dow industrials closed at a record high on Wednesday, led by gains in Microsoft Corp and encouraging European economic data, while the S&P 500 also rose but closed shy of its own record.
NEW YORK, Nov 6- Global stock markets rose on Wednesday and the Dow industrials marked a record closing high as investors seized on signs that the Federal Reserve may keep rates low for longer than expected.
Colin Rusch, Northland Capital Markets, and Cole Wilcox, Longboard Asset Management, debate the best move for Tesla after reporting a disappointing outlook.
NEW YORK, Nov 6- The Dow and S&P stock indexes rose on Wednesday, bolstered by European economic data, while the Nasdaq fell, led by losses in Tesla Motors and as investors readied for Twitter's much-anticipated IPO. Apple Inc was down 0.5 percent at $519.84, Facebook Inc was down more than 2 percent at $48.98, and Google was down almost 0.5 percent at $1,017.00.
Take a look at some of Wednesday's midday movers:
*Microsoft touches 12- yr high as CEO search narrows. NEW YORK, Nov 6- U.S. stocks rose on Wednesday buoyed by strong economic data from Europe, while investors bought a flurry of new public offerings one day ahead of Twitter's much-anticipated IPO.
Does Tesla need a reboot? Drew Cupps, Cupps Capital Management and Tesla shareholder, and Efraim Levy, S&P Capital, weigh in.
*Ralph Lauren climbs after earnings, dividend boost. The equity market was also buoyed by a host of initial public offerings, with six new issues expected to start trading Wednesday, a day ahead of the highly anticipated IPO of Twitter Inc. Barracuda Networks Inc shares jumped 27.1 percent to $22.88 early on its first trading day.