Wall Street turns negative, Tesla plunges 8%

Thursday, 27. January 2022 19:24

Stock markets in the United States reversed gains from earlier in the session on Thursday as investors continued to digest the Federal Reserve's latest remarks on monetary policy.

The Dow Jones lost 0.22% at 1:22 pm ET. Intel dropped 7.34% at 1:26 pm ET after reporting a 21% decline in fourth-quarter earnings per share.

The Nasdaq 100 slid 0.98% at 1:22 pm ET. The worst performer was Lucid Group, down 12.87%, while Tesla tumbled 8.68% after saying its factories have been running below capacity amid supply chain disruptions.

The S&P 500 was down 0.65% at 1:22 pm ET with Teradyne plummeting more than 28%.

Related Links: Intel CorporationTesla Inc.
Author:
Baha Breaking News (BBN) / NP