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MarketWatch MarketPulseSep 22, 2020
Nasdaq's big bounce comes despite just a minority of stocks gaining ground
The Nasdaq Composite bounced 1.1% in afternoon trading Tuesday, putting it on track to snap a four-day losing streak in which its slumped 3.7%, but the rally comes despite most stocks trading lower. The number of declining stocks on the Nasdaq exchange outnumbered advancers 1,758 to 1,459. On the plus side, however, volume in advancing stocks made up 58.0% of total volume, suggesting the larger-capitalized, more active minority were helping drive the market-cap weighted index higher. Meanwhile, the Dow Jones Industrial Average rose 91 points, or 0.3%, and the S&P 500 gained 0.7%. Breadth data on the NYSE was the opposite of the Nasdaq's, as advancers outnumbered decliners by 1,514 to 1,390, but advancing volume made up just 44.3% of total volume.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



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Yahoo BusinessSep 22, 2020
Tesla Battery Day: Look Out for the Devil in the Details, Suggests Analyst
Tesla's (TSLA) highly anticipated Battery Day is finally upon us and the excitement is palpable on Wall Street. After market close today, Tesla will host the long-delayed event and looking ahead to the shenanigans, Canaccord analyst Jed Dorsheimer expects there will be "a plenty for everyone."Expounding on this, the analyst said, "Bulls are likely to highlight a 1-million-mile battery or perhaps the CO2 light supply deals. Bears will highlight that TSLA promotions typically fail to materialize, a valid concern, and a shift towards more difficult milestones (SEMI, CyberTruck, and competition). Our take? We think the day will be a trove of tangential ways for investors to capitalize on a shifting market for BEVs."Dorsheimer expects the announcement of "new anode chemistry." Adding to last year's Maxwell acquisition, the analyst anticipates a partnership with a silicon-based solution provider such as Sila Technologies "to gain performance benefits without the swelling."Additionally, Dorsheimer expects a number of shrewd supply agreements "on the cathode side of the equation."More info on battery management, and clarity over concerns of "LFP (lithium iron phosphate batteries) beyond China" could also be on the agenda. However, concerning the latter, per noises from Tesla's direction, it appears unlikely and indicates to Dorsheimer that "the company is worried about competition in Europe."In conclusion, Dorsheimer signs off by sounding a note of caution and believes the "big question will be o

MarketWatchSep 22, 2020
The Moneyist: My wife and I live with my dying mother. My brothers and I will inherit her home. Should I ask her to sell it — and move in with me?
‘If she agrees to move, and puts the money in her bank account — a joint account with one of her grandchildren — what happens to the money? She gave that grandchild survivorship rights.'

Yahoo BusinessSep 22, 2020
Tesla Falls on Musk Cautioning Battery Output Is Years Away
(Bloomberg) -- Elon Musk cautioned Tesla Inc. will unveil something that won't be widely produced for two years, tempering expectations for the company's long-awaited battery day.Tesla shares fell as much as 6% and were down 5.2% at $425.97 as of 9:50 a.m. in New York. The pull-back comes after massive gains in recent months fueled in part by anticipation of Tuesday's event. Musk said the information he'll announce will affect production of Tesla's Semi, Cybertruck and Roadster models, all of which have been unveiled in the form of prototypes but are still in development.In another tweet, Musk warned of the "extreme difficulty" of scaling up production of new technology. It was the latest in a series of posts that were more measured about the much-hyped event the chief executive officer had previously talked up. The company's shareholder meeting and subsequent battery briefing get underway starting at 1:30 p.m. local time in California.Musk said in another tweet that Tesla will need to start producing its own battery cells to support its various products, even as it ramps up purchases from outside suppliers. He wrote that the company expects there to be significant shortages of cells in 2022 and beyond unless it ramps up output of its own.Tesla's most important and longstanding partner on batteries is Osaka-based Panasonic Corp. The two companies jointly operate a massive plant outside of Reno, Nevada, where Panasonic makes the cells and Tesla manufactures battery packs for its cars.But Musk has never been k

MarketWatchSep 22, 2020
Europe Markets: European stocks nudge higher after worst drubbing in three months amid second wave concerns
European stocks edged higher Tuesday after their worst one-day performance in more than three months, as the Continent faces tighter economic restrictions due to rising cases of coronavirus.

MarketWatch MarketPulseSep 22, 2020
Europe-linked ETFs fall as 'second wave' appears, on track for worst week in three months
Exchange-traded funds with European stock exposure fell for a second day, putting them on track for their worst week since early June as coronavirus cases mounted and governments took steps to curtail economic activity to contain the spread. The iShares MSCI Eurozone ETF was down 0.7% at midday, while the iShares Core MSCI Europe ETF and the Vanguard FTSE Europe ETF both lost 0.6%. In the U.S., stock indexes were mixed: the broad-market S&P 500 was flat. European stocks haven't enjoyed the same recovery from the market turmoil of the spring that domestic stocks have. The ETFs noted above have lost 10-11% in the year to date. That has prompted some analysts to recommend them as a value strategy, but a resurgence of the coronavirus might scuttle that idea.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseSep 21, 2020
The triple-Qs' 50-day moving average set to decline for first time since May 5
The Invesco QQQ ETF , which tracks the tech-heavy Nasdaq 100 index , is shedding 0.9% in afternoon trading toward a 7-week low, with just 26 of its 104 components gaining ground. The triple-Qs is on track for a third-straight close below its 50-day moving average (50-DMA), which many on Wall Street view as a guide to the intermediate-term trend. What may be more important to the triple-Qs' outlook is that the 50-DMA is also headed for a decline Monday, which would be the first since May 5. Some chart watchers believe falling below the 50-DMA, and particularly when the 50-DMA is sloping lower, marks a change in pattern to neutral, if not bearish. The triple-Qs are down 10.3% so far this month, putting them in danger of the biggest monthly decline since November 2008. Among the triple-Qs' more heavily weighted components, Apple Inc.'s stock is below its 50-DMA, but that average is still ticking higher; Microsoft Corp. shares are heading for the for the 10th close below the 50-DMA, which has been declining since Sept. 11; and Amazon.com Inc.'s stock is headed for the 7th-straight close below the 50-DMA, which has been declining for three days. Meanwhile, the S&P 500 is falling 2.1% and headed for the 2nd-straight sub-50-DMA close, while the average is still ticking higher.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatchSep 21, 2020
The Margin: 5 things to know about Trump's possible Supreme Court picks — including how Barbara Lagoa could help Trump win Florida
Analysts believe Trump is considering conservative women judges like Lagoa, Amy Coney Barrett and Allison Jones Rushing

MarketWatch MarketPulseSep 21, 2020
U.S. airline stocks plunge on renewed lockdown fears
Shares of major U.S. airlines tumbled Monday, with Delta Air Lines Inc. shares the worst hit and off nearly 9%. Airlines have been battling renewed fears of more lockdowns, especially in the U.K., and the looming expiration of U.S. government aid to protect airline jobs. Shares of JetBlue Airways Corp. and shares of United Airlines Holdings Inc. each fell around 8%. Southwest Airlines Co. stock fared better, down less than 6%. Earlier Monday, a joint report commissioned by industry groups and companies said that the all-but-closed air bridge between the U.S. and the U.K. will cost the U.K. economyabout $41 million a day by the beginning of October.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



MarketWatch MarketPulseSep 21, 2020
Financial ETFs tumble most in 3 months after money laundering allegations
Financial ETFs tumble most in 3 months on bank investigation Exchange-traded funds tracking the financial sector sank Monday in the wake of a report that said big banks have assisted criminals in laundering money. The Financial Select Sector SPDR Fund and the Vanguard Financials ETF were both down 3.7% at midday, underperforming the S&P 500 , which fell 2.2%. The Invesco KBW Bank ETF, which has more concentrated exposure to banks than a broader financials tilt, was nearly 6% lower, on track for its worst day since June 26. Among the ETFs that track the 11 sectors of the S&P 500, XLE wasn't the biggest loser on Monday: that was the Energy Selector Sector SPDR Fund , down 4%. Energy is still the worst performing sector in the year to date, having lost nearly half its value, while financials are down 23%.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.


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