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Dow and Nasdaq Head in Different Directions
Barrons.com50d agoneutral
Dow and Nasdaq Head in Different Directions

The Dow Jones Industrial Average rose 117 points, or 0.2%. The Nasdaq Composite fell 0.4%. The gap between the Dow and Nasdaq was largely driven by their respective exposures to tech: Software and chip stocks were pulling back after rallying earlier this month.

Hertz Earnings Might Be a Problem for Short Sellers. The Stock Is Soaring.
Barrons.com50d agobullish
Hertz Earnings Might Be a Problem for Short Sellers. The Stock Is Soaring.

Hertz stock jumped in premarket trading Thursday after the company’s quarterly earnings topped Wall Street estimates, offering some relief to weary investors. A year ago, Hertz reported a comparable 29-cent loss from sales of just under $2.2 billion. Shares were up 17% at $1.82 in premarket trading, while and futures were up 0.1% and 0.2%, respectively.

Tesla Stock Rises as It Seeks to Tap Massive Self-Driving Market
Barrons.com50d agobearish
Tesla Stock Rises as It Seeks to Tap Massive Self-Driving Market

Tesla stock rose modestly early Thursday as it continues to work toward European approval for its Full Self-Driving driver-assistance product, which could unlock a new stream of earnings for the car maker. The move comes after Reuters reported that the Netherlands is keeping secret the data it used to approve FSD in the country, which could pose an issue for wider adoption in the European Union. FSD is Tesla’s highest-level driver assistance product that can do most of the driving most of the time.

How El Niño Will Supercharge Global Inflation
Barrons.com50d agoneutral
How El Niño Will Supercharge Global Inflation

It’s been 23 weeks since the U.S. began strikes on Iran, and we’re still in the midst of what feels like the hundredth attempt at peace talks. President Donald Trump said this week that a deal to reopen the Strait of Hormuz was close, but warned that strikes could resume if talks fall apart. This week I’m diving into El Niño, and how the sheer strength of this year’s weather event means that its effects will extend well beyond agriculture profit margins—it will hurt global central banks’ efforts to curb inflation.

‘Perps’ Are the Risky New Derivatives That Could Amplify Stock Blowups
The Wall Street Journal51d agoneutral
‘Perps’ Are the Risky New Derivatives That Could Amplify Stock Blowups

Not really, but CME Group the granddaddy of derivatives exchanges, would like to keep it respectable. CME provides many products needed for the normal functioning of financial markets. Its business has also gotten a big lift from the explosion in retail options trading and the public’s embrace of leveraged and options income funds.