AndrewChia
2021-11-10
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Wall Street losses end streak of record highs as inflation worry weighs on market
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":847130978,"tweetId":"847130978","gmtCreate":1636500143610,"gmtModify":1636500143938,"author":{"id":3586382994065598,"idStr":"3586382994065598","authorId":3586382994065598,"authorIdStr":"3586382994065598","name":"AndrewChia","avatar":"https://static.tigerbbs.com/923ad5c6de01c0051435e6598d01a994","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":19,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"extraTitle":"","html":"<html><head></head><body><p>latest</p></body></html>","htmlText":"<html><head></head><body><p>latest</p></body></html>","text":"latest","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/847130978","repostId":1188205095,"repostType":4,"repost":{"id":"1188205095","kind":"news","pubTimestamp":1636498317,"share":"https://www.laohu8.com/m/news/1188205095?lang=&edition=full","pubTime":"2021-11-10 06:51","market":"us","language":"en","title":"Wall Street losses end streak of record highs as inflation worry weighs on market","url":"https://stock-news.laohu8.com/highlight/detail?id=1188205095","media":"Reuters","summary":"(Reuters) - Wall Street closed lower on Tuesday, ending a multi-day rally of consecutive record clos","content":"<p>(Reuters) - Wall Street closed lower on Tuesday, ending a multi-day rally of consecutive record closing highs as profit-taking and worries over ongoing inflation fueled a broad sell-off.</p>\n<p>All three major U.S. stock indexes lost ground, marking the conclusion of an eight-session streak of all-time closing highs set by the S&P 500 and the Nasdaq.</p>\n<p>After such a run, and in the absence of market-moving catalysts, market participants appeared primed to take profits.</p>\n<p>\"We've had an incredible run, so letting some air out of the balloon is perfectly normal,\" said Ryan Detrick, chief market strategist at LPL Financial in Charlotte, North Carolina.</p>\n<p>\"It's a reminder that stocks can’t go up every day,\" Detrick added. \"We’re seeing some oversold weakness today, nothing overly concerning.\"</p>\n<p>The Labor Department's producer prices (PPI) report showed inflation continues to gather heat as ongoing goods and labor supply challenges send price growth further beyond the U.S. Federal Reserve's average annual 2% inflation target.</p>\n<p>Wednesday's CPI report will be scrutinized for clues regarding the extent to which producer prices are being passed along to the consumer, whose spending represents about 70% of the U.S. economy.</p>\n<p>The Dow Jones Industrial Average(.DJI)fell 112.24 points, or 0.31%, to 36,319.98, the S&P 500(.SPX)lost 16.45 points, or 0.35%, to 4,685.25 and the Nasdaq Composite(.IXIC)dropped 95.81 points, or 0.6%, to 15,886.54.</p>\n<p>Five of the 11 major sectors of the S&P 500 ended the session red, with consumer discretionary(.SPLRCD)shedding 1.4%, the largest percentage drop. Utilities(.SPLRCU)led the gainers, advancing 0.4%.</p>\n<p>The finish line for third-quarter earnings season is in sight, with 445 of the companies in the S&P 500 having reported. Of those, 81% have beat consensus, according to Refinitiv.</p>\n<p>General Electric Co(GE.N)surged 2.6% following the 129-year-old industrial conglomerate's announcement that it would split into three separate public companies to simplify its business.read more</p>\n<p>Tesla Inc(TSLA.O)plunged 12.0%, weighing on the consumer discretionary sector(.SPLRCD)and extending its losses after Chief Executive Elon Musk's Twitter poll proposing to sell a tenth of his holdings garnered a 57.9% vote in favor of the sale. This raised questions as to whether Musk violated a settlement with the U.S. Securities and Exchange Commission (SEC).read more</p>\n<p>Online retail stock-trading app Robinhood Markets Inc(HOOD.O)reported a security breach affecting about 5 million customers, sending its shares sliding dropped 3.4%.read more</p>\n<p>On the plus side, upbeat quarterly results sent video game maker Zynga Inc(ZNGA.O)jumping 9.4% and shares of homebuilder D.R. Horton(DHI.N)up 5.2%.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.13-to-1 ratio; on Nasdaq, a 1.40-to-1 ratio favored decliners.</p>\n<p>The S&P 500 posted 34 new 52-week highs and two new lows; the Nasdaq Composite recorded 120 new highs and 73 new lows.</p>\n<p>Volume on U.S. exchanges was 11.02 billion shares, compared with the 10.76 billion average over the last 20 trading days.</p>\n<p><a href=\"https://laohu8.com/NW/2182089540\" target=\"_blank\">NIO Inc. Reports Unaudited Third Quarter 2021 Financial Results</a></p>\n<p>NIO Inc. (NIO) reported mixed financial results for Q3 FY 2021. The company posted a loss per share of RMB 1.82 ($0.28), more than twice as large as the loss per share analysts expected. Revenue, however, beat expectations, rising 116.6% year over year (YOY). NIO's vehicle deliveries, which were reported at the beginning of October, exceeded analysts' forecasts. The company's shares fell more than 2% in post-market trading. Over the past year, NIO's shares have provided a total return of -7.7%, well below the S&P 500's total return of 32.0%.</p>\n<p><a href=\"https://laohu8.com/NW/2182898260\" target=\"_blank\">Coinbase Stock Sinks 10% Following Q3 Revenue Miss, Analyst Highlights Worsening Take Rate</a></p>\n<p>Coinbase (NASDAQ: COIN) shares were trading more than 10% lower after-hours, following the company’s Q3 results, with revenue coming in at $1.31 billion ($1.1 billion in transaction revenue and $145 million in Subscription and services revenue), below the consensus estimate of $1.56 billion. Quarterly EPS of $1.62 was better than the consensus estimate of $1.57. Verified Users grew to 73 million in Q3 and retail Monthly Transacting Users (MTUs) were 7.4 million.</p>\n<p><a href=\"https://laohu8.com/NW/2182089825\" target=\"_blank\">DoorDash Stock Rips Higher on Earnings, Plan to Acquire Wolt for ~$8B</a></p>\n<p><a href=\"https://laohu8.com/S/DASH\">DoorDash, Inc.</a> (NYSE: DASH) shares surged 12% after hours Tuesday following earnings and news the company will acquire Finland-based Wolt Enterprises OY, a leading local commerce platform across 23 countries, in an all-stock transaction valued approximately at €7 billion (U.S. $8.09 billion).</p>\n<p><a href=\"https://laohu8.com/NW/2182089829\" target=\"_blank\">Upstart Stock Plunges 22% Despite Q3 Beat</a></p>\n<p>Upstart Holdings (NASDAQ: UPST) shares were trading around 22% lower after-hours, despite the company’s reported Q3 beat, with EPS coming in at $0.60, better than the consensus estimate of $0.35. Quarterly revenue grew 250% to $228.5 million, beating the consensus estimate of $214.9 million.</p>\n<p><a href=\"https://laohu8.com/NW/2182086726\" target=\"_blank\">Sports-Focused Streamer FuboTV Smashes Subscriber Goal In Third Quarter</a></p>\n<p>FuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said.On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 a share in the year-earlier period.</p>\n<p><a href=\"https://laohu8.com/NW/2182864180\" target=\"_blank\">Unity Software Beats Third-Quarter Targets, Buys Weta Digital</a></p>\n<p>Video game design and animation software maker<b>Unity Software</b> late Tuesday crushed Wall Street's sales target for the third quarter and reported a smaller loss than expected. Unity stock was in record high territory ahead of the earnings report.</p>\n<p>The San Francisco-based company lost an adjusted 6 cents a share on sales of $286.3 million in the September quarter. Analysts expected Unity to lose 7 cents a share on sales of $266.5 million, according to FactSet. In the year-earlier period, Unity lost 9 cents a share on sales of $200.8 million.</p>\n<p><a href=\"https://laohu8.com/NW/2182865910\" target=\"_blank\">PubMatic Announces Third Quarter 2021 Financial Results</a></p>\n<li>Revenue in the third quarter of 2021 was $58.1 million, an increase of 54% over $37.8 million in the same period of 2020; GAAP net income was $13.5 million, or $0.24 per diluted share in the third quarter, an increase over net income of $6.2 million, or $0.10 per diluted share in the same period of 2020.</li>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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 losses end streak of record highs as inflation worry weighs on market</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; 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Utilities(.SPLRCU)led the gainers, advancing 0.4%.\nThe finish line for third-quarter earnings season is in sight, with 445 of the companies in the S&P 500 having reported. Of those, 81% have beat consensus, according to Refinitiv.\nGeneral Electric Co(GE.N)surged 2.6% following the 129-year-old industrial conglomerate's announcement that it would split into three separate public companies to simplify its business.read more\nTesla Inc(TSLA.O)plunged 12.0%, weighing on the consumer discretionary sector(.SPLRCD)and extending its losses after Chief Executive Elon Musk's Twitter poll proposing to sell a tenth of his holdings garnered a 57.9% vote in favor of the sale. This raised questions as to whether Musk violated a settlement with the U.S. Securities and Exchange Commission (SEC).read more\nOnline retail stock-trading app Robinhood Markets Inc(HOOD.O)reported a security breach affecting about 5 million customers, sending its shares sliding dropped 3.4%.read more\nOn the plus side, upbeat quarterly results sent video game maker Zynga Inc(ZNGA.O)jumping 9.4% and shares of homebuilder D.R. Horton(DHI.N)up 5.2%.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.13-to-1 ratio; on Nasdaq, a 1.40-to-1 ratio favored decliners.\nThe S&P 500 posted 34 new 52-week highs and two new lows; the Nasdaq Composite recorded 120 new highs and 73 new lows.\nVolume on U.S. exchanges was 11.02 billion shares, compared with the 10.76 billion average over the last 20 trading days.\nNIO Inc. Reports Unaudited Third Quarter 2021 Financial Results\nNIO Inc. (NIO) reported mixed financial results for Q3 FY 2021. The company posted a loss per share of RMB 1.82 ($0.28), more than twice as large as the loss per share analysts expected. Revenue, however, beat expectations, rising 116.6% year over year (YOY). NIO's vehicle deliveries, which were reported at the beginning of October, exceeded analysts' forecasts. The company's shares fell more than 2% in post-market trading. Over the past year, NIO's shares have provided a total return of -7.7%, well below the S&P 500's total return of 32.0%.\nCoinbase Stock Sinks 10% Following Q3 Revenue Miss, Analyst Highlights Worsening Take Rate\nCoinbase (NASDAQ: COIN) shares were trading more than 10% lower after-hours, following the company’s Q3 results, with revenue coming in at $1.31 billion ($1.1 billion in transaction revenue and $145 million in Subscription and services revenue), below the consensus estimate of $1.56 billion. Quarterly EPS of $1.62 was better than the consensus estimate of $1.57. Verified Users grew to 73 million in Q3 and retail Monthly Transacting Users (MTUs) were 7.4 million.\nDoorDash Stock Rips Higher on Earnings, Plan to Acquire Wolt for ~$8B\nDoorDash, Inc. (NYSE: DASH) shares surged 12% after hours Tuesday following earnings and news the company will acquire Finland-based Wolt Enterprises OY, a leading local commerce platform across 23 countries, in an all-stock transaction valued approximately at €7 billion (U.S. $8.09 billion).\nUpstart Stock Plunges 22% Despite Q3 Beat\nUpstart Holdings (NASDAQ: UPST) shares were trading around 22% lower after-hours, despite the company’s reported Q3 beat, with EPS coming in at $0.60, better than the consensus estimate of $0.35. Quarterly revenue grew 250% to $228.5 million, beating the consensus estimate of $214.9 million.\nSports-Focused Streamer FuboTV Smashes Subscriber Goal In Third Quarter\nFuboTV lost 74 cents a share on sales of $156.7 million in the third quarter. Wall Street had predicted a loss of 61 cents a share on revenue of $143.5 million, FactSet said.On an adjusted basis, FuboTV lost 59 cents a share, compared with a loss of $1.08 a share in the year-earlier period.\nUnity Software Beats Third-Quarter Targets, Buys Weta Digital\nVideo game design and animation software makerUnity Software late Tuesday crushed Wall Street's sales target for the third quarter and reported a smaller loss than expected. Unity stock was in record high territory ahead of the earnings report.\nThe San Francisco-based company lost an adjusted 6 cents a share on sales of $286.3 million in the September quarter. Analysts expected Unity to lose 7 cents a share on sales of $266.5 million, according to FactSet. In the year-earlier period, Unity lost 9 cents a share on sales of $200.8 million.\nPubMatic Announces Third Quarter 2021 Financial Results\nRevenue in the third quarter of 2021 was $58.1 million, an increase of 54% over $37.8 million in the same period of 2020; GAAP net income was $13.5 million, or $0.24 per diluted share in the third quarter, an increase over net income of $6.2 million, or $0.10 per diluted share in the same period of 2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":131,"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":6,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/847130978"}
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