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US stocks fall on a shaky Wall Street as Brent oil briefly barrels above $107 [Globe and Mail, The (Toronto, Canada)]
Last tesla, inc. earnings: 4/29 04:11 pm
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and other big companies . Oil prices, meanwhile, are jumping on worries about what will happen next in the war with Iran The S&P 500 fell 0.5%, halting a weekslong rally that had erased all its losses because of the war and then carried it to all-time highs. The Dow Jones Industrial Average was down 240 points, or 0.5%, as of 2:15 p.m. Eastern, and the Nasdaq composite was down 0.9% a day after setting its own record. Tesla dragged the market lower after falling 3.4% even though it reported better results for the latest quarter than analysts expected. Investors focused instead on a big jump in Tesla's forecast for spending this year, as it builds factories to make robots and other products. “You should expect to see a very significant increase in capital expenditures,” Elon Musk told investors late Wednesday, “but I think well justified for a substantially increased future revenue stream.” ServiceNow dropped even more, 17.6%, even though its results for the latest quarter matc
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