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2021-11-09

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Wall Street closes up on infrastructure gains but Tesla weighs

(REUTERS) - Wall Street stocks ended slightly higher on Monday (Nov 8), rising early after passage o

Wall Street closes up on infrastructure gains but Tesla weighs

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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. 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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. 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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":910,"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":4,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"hasMoreComment":false,"orderType":2}

Wall Street closes up on infrastructure gains but Tesla weighs

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