Yahoo finance news
Here are the latest news and updates from Yahoo Finance:
Top Stories
- Dow Jones Industrial Average (DJIA) Falls Over 500 Points Amid Global Market Volatility: The Dow Jones Industrial Average (DJIA) plummeted over 500 points on Monday, as global markets continued to experience volatility amid concerns over the spread of the COVID-19 virus.
- Tesla (TSLA) Stock Soars 10% After Elon Musk's Twitter Announcement: Tesla (TSLA) stock surged 10% on Monday after Elon Musk announced on Twitter that the company would be increasing its production capacity to meet growing demand for its electric vehicles.
- Apple (AAPL) Stock Hits All-Time High Amid Strong Earnings Report: Apple (AAPL) stock reached an all-time high on Monday after the company reported strong earnings for its fiscal first quarter, driven by the success of its iPhone and services segments.
Market News
- S&P 500 Index Falls 1.5% Amid Global Market Sell-Off: The S&P 500 Index fell 1.5% on Monday, as global markets continued to experience a sell-off amid concerns over the spread of the COVID-19 virus.
- Nasdaq Composite Index Falls 2.5% Amid Tech Sell-Off: The Nasdaq Composite Index fell 2.5% on Monday, as tech stocks continued to experience a sell-off amid concerns over the spread of the COVID-19 virus.
- Gold Prices Surge 1.5% Amid Market Volatility: Gold prices surged 1.5% on Monday, as investors sought safe-haven assets amid market volatility.
Company News
- Amazon (AMZN) Acquires Zoox, a Self-Driving Car Startup: Amazon (AMZN) announced on Monday that it had acquired Zoox, a self-driving car startup, in a deal reportedly worth over $1 billion.
- Microsoft (MSFT) Acquires Affirmed Networks, a 5G Startup: Microsoft (MSFT) announced on Monday that it had acquired Affirmed Networks, a 5G startup, in a deal reportedly worth over $1 billion.
- Walmart (WMT) Acquires Cornershop, a Latin American E-commerce Startup: Walmart (WMT) announced on Monday that it had acquired Cornershop, a Latin American e-commerce startup, in a deal reportedly worth over $200 million.
Earnings News
- Apple (AAPL) Reports Strong Earnings, Beats Expectations: Apple (AAPL) reported strong earnings for its fiscal first quarter, driven by the success of its iPhone and services segments.
- Microsoft (MSFT) Reports Strong Earnings, Beats Expectations: Microsoft (MSFT) reported strong earnings for its fiscal fourth quarter, driven by the success of its cloud computing and gaming segments.
- Alphabet (GOOGL) Reports Strong Earnings, Beats Expectations: Alphabet (GOOGL) reported strong earnings for its fiscal fourth quarter, driven by the success of its Google search and advertising segments.