U.S. carmakers caught in global selloff as Tesla margin sacrifice raises price cut fears.
Here are some of the biggest movers on Thursday, with a slide in Tesla stock rattling the broader market.Las Vegas Sands Corp. shares LVS rose nearly 5% in premarket trading after the casino operator late Wednesday reported first-quarter gambling revenue of $1.54 billion, up from $627 million a year earlier and said a “robust”... Here are some of the biggest movers on Thursday, with a slide in Tesla stock rattling the broader market.Las Vegas Sands Corp.
International Business Machines Corp.‘s stock IBM rose nearly 2% after the tech giant posted first-quarter revenue about in line with Wall Street estimates, while profits slightly topped expectations. ‘Big Blue’ provided a solid full-year outlook, while acknowledging some softness in its consulting business due to a weaker economy.Tesla Inc.
The U.S.-listed shares of Nokia Corp. NOK sank nearly 7% after the telecommunications equipment maker missed first-quarter profit expectations and lowered its sales outlook.
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