Stocks aren't out of the woods just yet. "The bottom line for us is that the earnings recession is real and it's broader than the one we experienced in 2015-16," the Morgan Stanley strategist Michael Wilson and his team wrote.
Boeing slides as more countries suspend 737 Max 8 flights. Shares of the planemaker were down about 2% ahead of Tuesday's opening bell after Australia and Singapore became the latest countries to ground the 737 Max 8 planes. Boeing's stock fell 5.3% on Monday.
Elon Musk files his defense. Tesla's CEO has responded to the Securities and Exchange Commission's accusation that he was in contempt of court when he tweeted last month about the electric-car maker's production numbers. He says that the government agency was attempting to expand on the terms of its settlement and that it was violating his First Amendment rights.
Apple sets the date for its next event. The tech giant has sent out invitations for an event on March 25 at the Steve Jobs Theater on its Apple Park campus in Cupertino, California, where it's likely to introduce its streaming-video service.
Wells Fargo's CEO heads to Washington. Tim Sloan will appear Tuesday before the House Committee on Financial Services to testify about the bank's progress as it works through a series of scandals that were uncovered beginning in 2016.
Stitch Fix crushes earnings. Shares of the online person-styling service were up more than 24% Tuesday morning after second-quarter profits more than doubled the Wall Street consensus.
Stock markets around the world were mixed. Japan's Nikkei (+1.79%) led the gains in Asia, and the Euro Stoxx 50 (-0.1%) was slightly lower in Europe. The S&P 500 was set to open little changed near 2,786.
Tidak ada komentar:
Posting Komentar