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Dow Futures Plunged 1,000 Points after Fed Cuts Interest Rate to Zero

Previously, the target range of the interest rate varied from 1% to 1.25%. Now the benchmark for both short-term lending for financial institutions and a peg to consumer rates will be targeted at 0% to 0.25%. Dow Futures lost 1,000 points.Yesterday evening, U.S. stock futures plummeted by 5%. Dow futures plunged 1,041 points or about 4.5%. S&P 500 futures closed down about 4.8%, while Nasdaq futures were down 4.5%. The drop followed the initiative of the U.S. Federal Reserve.On Sunday,...

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Tesla (TSLA) Stock Shows Volatility, Price Crashes to $500 Despite Dow Recovery on Friday

The Tesla (TSLA) stock price has crashed 45% from its 2020-high in less than a month’s time. Morgan Stanley has reduced the target for the Tesla stock and global economic concerns weigh in.Giving a much-needed breather to investors, the Dow Jones Industrial Average closed this week on Friday on a positive note. Crashing close to 21,000 levels on Thursday, Dow Jones made a quick recovery on Friday surging nearly 2000 points. However, Wall Street’s top performer for 2020, Tesla Inc (NASDAQ:...

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Tesla (TSLA) Stock Down 11.62%, Morgan Stanley Cuts Target Over Coronavirus Concerns

As the whole markets come crashing down, Tesla stock price tanked 11.62% on Tuesday closing at $560 levels. With the Tesla production taking a massive hit, analysts are slashing the target for its stock price.Almost every stock on the market has taken a severe beating over this week’s market massacre amid coronavirus spread, and Tesla Inc (NASDAQ: TSLA) is no different. Just over the last five days, the Tesla (TSLA) stock price has crashed over 20%. On Thursday, Dow Jones closed 10% lower...

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TSLA Stock Down 1.72%, Tesla Is Highest-Valued U.S. Industrial Company Overtaking Boeing

Despite a fall of Tesla (TSLA) stock by 1.72% on Wednesday and by 7.88% in the premarket today, the company is now ranked highest-valued U.S. industrial company after overtaking Boeing.Tesla Inc (NASDAQ: TSLA) made headlines on Wednesday after its market capitalization hit $114 billion, surpassing the value of Boeing Co (NYSE: BA) which is at $110 billion. This now means Tesla is the company that is ranked the highest U.S. industrial company in terms of capitalization. However, the stock...

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