Stock Market Today: Live Updates

48 minutes ago

LegalZoom.com drops after revenue forecast cut and CEO leaves

Shares of LegalZoom.com fell more than 23% after the company cut its full-year revenue forecast.

The company now expects revenue of $675 million to $685 million. The company had issued guidance of $700 million to $720 million. LegalZoom.com also announced that CEO Dan Wernikoff has stepped down, effective immediately.

48 minutes ago

LegalZoom.com drops after revenue forecast cut and CEO leaves

Shares of LegalZoom.com fell more than 23% after the company cut its full-year revenue forecast.

The company now expects revenue of $675 million to $685 million. The company had issued guidance of $700 million to $720 million. LegalZoom.com also announced that CEO Dan Wernikoff has stepped down, effective immediately.

11 hours ago

According to State Street, investors seeking income bought up $1.6 billion of these ETFs in June

Investors moved to a riskier approach in the fixed-income market in June as exchange-traded funds with bank loans and secured loan obligations saw more than $1.6 billion in cash flows, State Street found.

The funds have seen inflows for 13 consecutive months, receiving more than $18 billion during that period, according to Matthew Bartolini, head of SPDR Americas Research at State Street Global Advisors.

Certain stocks in this sector offer 30-day SEC returns of more than 6%.

More information about these higher-yielding ETFs can be found here.

Darla Market

11 hours ago

Tesla posts 10 consecutive winning days

The electric vehicle maker posted a 3.7% gain on Tuesday, marking Tesla’s 10th straight positive session.

Since the last day of decline – June 24 – the stock has risen about 43%. Over the past month, the stock has risen nearly 48%.

Even with the strong rally, shares are up a modest 5.6% in 2024, while they are still down more than 4% over the past year.

Tesla’s latest surge was helped by the automaker’s second-quarter production and deliveries report, released last week. Deliveries for the period came in at 443,956, compared with the 439,000 analysts had expected, according to StreetAccount.

Darla Markt, Jason Gewirtz

13 hours ago

Stock futures open little changed

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