The New York stock market ended lower on Wednesday, easing amid rising bond yields as clouds lingered on the inflation front, according to AFP.
- After two days of strong recovery, the Dow Jones lost 0.32%,
- The tech-dominated Nasdaq fell 0.85%,
- According to preliminary data, the S&P 500 lost 0.66%.
Tesla doubled its net profit in the third quarter, thanks in part to higher prices for electric cars, but its sales disappointed and its share price fell nearly 5 percent on Wall Street by around 20:20 GMT on Wednesday, AFP reported.
Elon Musk’s group did not change its long-term forecast of 50% annual growth in shipments, a goal that seems unlikely to be achieved by 2022.
Source: Hot News RO
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