{"id":44122,"date":"2023-07-21T09:50:15","date_gmt":"2023-07-21T07:50:15","guid":{"rendered":"https:\/\/investmentbell.com\/?p=44122"},"modified":"2023-08-23T15:14:27","modified_gmt":"2023-08-23T13:14:27","slug":"elon-musk-loses-tesla-shares-about-90-billion-in-one-day-and-johnson-johnson-shares-achieve-the-highest-daily-gains-since-the-start-of-the-pandemic","status":"publish","type":"post","link":"https:\/\/investmentbell.com\/tr\/news\/stocks\/elon-musk-loses-tesla-shares-about-90-billion-in-one-day-and-johnson-johnson-shares-achieve-the-highest-daily-gains-since-the-start-of-the-pandemic\/","title":{"rendered":"Elon Musk loses Tesla shares about $ 90 billion in one day .. and Johnson &amp; Johnson shares achieve the highest daily gains since the start of the pandemic"},"content":{"rendered":"<p>The Nasdaq Composite Index posted its biggest daily loss in more than 4 months<\/p>\n\n\n\n<p>US indices closed mixed in Thursday&#8217;s session after the S&amp;P 500 and Nasdaq fell, pressured by the losses of Tesla and Netflix stocks, while the Dow Jones index continued its gains, supported by Johnson &amp; Johnson stock.<\/p>\n\n\n\n<p>Refinitiv data showed that 77 S&amp;P 500 companies had reported results as of Thursday morning, and second-quarter earnings are expected to have fallen 7.9%, which is more than the 5.7% drop expected at the start of the month.<\/p>\n\n\n\n<p>The performance of the main US indices:<\/p>\n\n\n\n<p>The Dow Jones index rose by 0.47%, equivalent to about 163 points, achieving its ninth daily rise in a row, and achieving its highest closing in 16 months.<\/p>\n\n\n\n<p>While the S&amp;P 500 index fell by 0.7%, falling from its highest level since April 2022, under pressure from the telecommunications and consumer sectors.<\/p>\n\n\n\n<p>The Nasdaq Composite Index fell more than 2%, posting its biggest daily loss in more than 4 months.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/backend.admin.prod.cnbcarabia.com\/s3Content\/8f25d68eb1.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p>Tesla stock:<\/p>\n\n\n\n<p>Tesla shares fell by about 10% in the Thursday session, recording the largest daily loss in 3 months, as the share lost $ 90 billion from its market value in one day.<\/p>\n\n\n\n<p>The losses came after the electric car maker reported a drop in gross margins for the second quarter to their lowest level in 4 years, as well as CEO Elon Musk hinting at further price cuts.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/backend.admin.prod.cnbcarabia.com\/s3Content\/97106b31010c.png\" alt=\"\" title=\"\"><\/figure>\n\n\n\n<p>Johnson &amp; Johnson stock<\/p>\n\n\n\n<p>Johnson &amp; Johnson shares jumped more than 6% in the Thursday session, recording the largest daily gain since March 2020, that is, since the start of the Corona pandemic.<\/p>\n\n\n\n<p>The gains came after the company reported second-quarter revenue and adjusted earnings that beat Wall Street expectations due to strong sales growth from the company&#8217;s medical business.<br>The company, whose financial results are a leader in the broader health sector, also raised its guidance for the full year.<\/p>\n\n\n\n<p>The company&#8217;s quarterly results come amid concerns among investors about thousands of lawsuits alleging that baby powder and other products cause cancer.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/backend.admin.prod.cnbcarabia.com\/s3Content\/9a24043f2e.png\" alt=\"\" title=\"\"><\/figure>\n<div class=\"rate-now\"><span id=\"rate-mypost44122\"><\/span> <span id=\"rate-points\"> 0<\/span><\/div>\n\t\t\t<script type=\"text\/javascript\">jQuery('#rate-mypost44122').raty({\n\t\t\t\thalfShow : true,\n\t\t\t\thalf: true,readOnly: true,score: 0,\n\t\t\t\tpath: \"https:\/\/investmentbell.com\/wp-content\/plugins\/userpro-rating\/images\/\"\n\t\t\t\t});<\/script>","protected":false},"excerpt":{"rendered":"<p>The Nasdaq Composite Index posted its biggest daily loss in more than 4 months US indices closed mixed in Thursday&#8217;s session after the S&amp;P 500 and Nasdaq fell, pressured by the losses of Tesla and Netflix stocks, while the Dow Jones index continued its gains, supported by Johnson &amp; Johnson stock. Refinitiv data showed that [&hellip;]<\/p>","protected":false},"author":13,"featured_media":44123,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-44122","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"_links":{"self":[{"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/posts\/44122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/comments?post=44122"}],"version-history":[{"count":2,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/posts\/44122\/revisions"}],"predecessor-version":[{"id":145574,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/posts\/44122\/revisions\/145574"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/media\/44123"}],"wp:attachment":[{"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/media?parent=44122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/categories?post=44122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/investmentbell.com\/tr\/wp-json\/wp\/v2\/tags?post=44122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}