3 minutes ago
Tesla first-quarter deliveries up 36% year over year
Tesla reported on Sunday that it had delivered 422,875 vehicles in the first quarter.
The result exceeded the 310,048 deliveries reported in the year-ago quarter and the 405,278 reported in the fourth quarter. The sales also came after price cuts by the electric car maker.
According to FactSet, Wall Street analysts’ estimates for Friday’s deliveries ranged from 410k to 451k. The median estimate was 432,000.
— Jesse Pound
21 minutes ago
Oil futures rise after Saudi Arabia announces production cuts
Oil futures surged Sunday night after Saudi Arabia and other OPEC+ members announced surprise oil production cuts.
The cost of production would be around 1.16 million, according to a Portal report, on top of previously announced cuts.
Futures on US benchmark West Texas Intermediate Crude and European Brent crude were each up about 7%.
— Jesse Pound
31 minutes ago
A look back at Q1
Tech stocks and the Nasdaq were the stars of the first quarter, while bank stocks weighed on the broader market. Here are some of the notable stats from the first three months of 2023.
The Nasdaq Composite:
- won 16.77%
- snapped a four-quarter losing streak
- is still 24.61% below its record high
The Dow Jones Industrial Average:
- gained 0.38%.
- is still 9.95% below its record high
The S&P 500:
- gained 7.03%
- is still 14.72% below its record high
— Jesse Pound, Christopher Hayes
57 minutes ago
Nasdaq 100, S&P 500 futures open lower
Futures for the Nasdaq 100 and S&P 500 started trading slightly lower on Sunday evening. The Dow futures were flat.
— Jesse Pound
Before an hour
WWE is close to deal with UFC mother Endeavor, reports CNBC
Sports entertainment company WWE is close to merging with Endeavor, CNBC’s Alex Sherman reported Sunday.
The deal would value WWE at more than $9 billion and give Endeavor shareholders 51% of the combined company, sources said Sherman. Endeavor is the parent company of the UFC martial arts league.
WWE was on the sales block after a series of scandals involving Vince McMahon, its longtime CEO. The stock is up 33% year-to-date.
The deal could be announced as early as Monday.
— Jesse Pound