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2021-11-09
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Wall Street closes up on infrastructure gains but Tesla weighs
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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street closes up on infrastructure gains but Tesla weighs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street closes up on infrastructure gains but Tesla weighs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-09 06:40 GMT+8 <a href=http://www.straitstimes.com/business/companies-markets/wall-street-closes-up-on-infrastructure-gains-but-tesla-weighs><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(REUTERS) - Wall Street stocks ended slightly higher on Monday (Nov 8), rising early after passage of a US infrastructure spending bill but paring gains late as sliding Tesla shares weighed the ...</p>\n\n<a href=\"http://www.straitstimes.com/business/companies-markets/wall-street-closes-up-on-infrastructure-gains-but-tesla-weighs\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index","TSLA":"特斯拉"},"source_url":"http://www.straitstimes.com/business/companies-markets/wall-street-closes-up-on-infrastructure-gains-but-tesla-weighs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2182772820","content_text":"(REUTERS) - Wall Street stocks ended slightly higher on Monday (Nov 8), rising early after passage of a US infrastructure spending bill but paring gains late as sliding Tesla shares weighed the indexes down.\nStill, the S&P 500 and the Nasdaq extended their run of all-time closing highs to eight straight sessions.\nThe blue-chip Dow notched its second consecutive record closing high.\n\"It has become a self-fulfilling prophesy,\" said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.\n\"Why are the indexes going up? Because people are buying,\" Nolte added. \"Why are they buying? Because the indexes going up.\"\nTesla Inc was the heaviest weight on the S&P 500.\nIts shares fell 4.9% following CEO Elon Musk's Twitter poll on whether he should sell about 10% of his holdings of stock in the electric automaker company he founded. The poll garnered more than 3.5 million votes, with 57.9% voting \"yes\".\nEconomically sensitive cyclicals and chips led the charge higher, with the Philadelphia SE Semiconductor index also hitting a record high close.\nIndustrials and materials got a boost after the US Congress passed President Joe Biden's $1 trillion infrastructure spending bill on Saturday.\n\"Over the weekend we got another trillion dollars thrown at the economy which is already running hot,\" Nolte said. \"So investors are looking at that as a very good thing for equity markets.\"\nCaterpillar Inc, Cleveland-Cliffs Inc, Freeport McMoRan and US Steel Corp were among companies riding the wave to solid gains, between 2.7% and 6.5%.\nLawmakers now turn to Biden's social spending bill, with the House of Representatives expected to vote on the measure next week, according to White House economic adviser Brian Deese.\nThe Dow Jones Industrial Average rose 104.27 points, or 0.29%, to 36,432.22, the S&P 500 gained 4.17 points, or 0.09%, to 4,701.7 and the Nasdaq Composite added 10.77 points, or 0.07%, to 15,982.36.\nAmong the 11 major sectors in the S&P 500, materials gained the most at 1.2% while utilities suffered the session's largest percentage loss.\nThe third-quarter reporting season has reached the final stretch, with 445 of the companies in the S&P 500 having reported as of Friday. Of those, 81% have come in above analyst expectations, according to Refinitiv.\nCryptocurrency and blockchain-related stocks, including those of Coinbase Global, Riot Blockchain, Marathon Digital Holdings and MicroStrategy Inc rose between 5% and 18%, as ether scaled new peaks and bitcoin neared a record high.\nVirgin Galactic Earnings: What Happened with SPCE\nVirgin Galactic Holdings, Inc. (SPCE) reported Q3 FY 2021 earnings and revenue that beat analyst expectations. The company's loss per share was was narrower than analysts expected. Virgin Galactic reported revenue that surpassed analysts' estimates by approximately $0.4 million. It was the company's second straight quarter of revenue following four consecutive quarters in which it posted no revenue. Virgin Galactic's shares were up more than 2% in after-market trading. Over the past year, the company's shares have provided a total return of -2.7%, well below the S&P 500's total return of 32.4%.\nPayPal profit rises above estimates as more people shop online\nOn an adjusted basis, PayPal earned $1.11 per share, above analyst estimates of $1.07 per share, according to IBES data from Refinitiv.\nNet revenue in the third quarter rose over 13% to $6.18 billion.\nThe payments giant has been beefing up its offerings with acquisitions. In September, the company announced it was buying Japanese buy now, pay later (BNPL) company Paidy in a $2.7 billion deal, a month after rival Square Inc's $29 billion deal for Australian BNPL firm Afterpay.\nAMC beats revenue estimates as theaters reopen\nAMC's net loss narrowed to $224.2 million, or 44 cents per share, for the third quarter ended Sept. 30, from $905.8 million, or $8.41 per share, a year earlier.\nRevenue at the company, one of the \"meme stocks\" that has gained exponentially this year, rose to $763.2 million in the third quarter, from $119.5 million a year earlier.\nTencent Music revenue rises 3% as content push brings in listeners\nChina's Tencent Music Entertainment Group reported a 3% rise in quarterly revenue on Monday, as efforts to bolster content attracted more paying users to its Spotify-like music streaming platform.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1328,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":10,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/844860181"}
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