- Wall Street finished lower on Friday, weighed down by Big Tech as investors worried about the Omicron coronavirus variant and digested the Federal Reserve's decision to end its pandemic-era stimulus faster.All three main U.S. stock indexes ended with a decline for the week after the Fed on Wednesday signaled three quarter-percentage-point interest rate hikes by the end of 2022 to combat surging inflation.Nvidia dropped 2.1% and Alphabet lost 1.9%, both weighing on the S&P 500 and Nasdaq.The S
Tesla fell over 3% in morning trading as Musk sold another $907 million of Tesla Motors shares
Tesla fell over 3% in morning trading as Musk sold another $907 million of Tesla Motors shares.According to the documents, Musk sold 934,091 shares Tesla MotorsShares on Monday, valued at $906.5 million, Musk has sold about 11,966,421 shares since November 8Tesla MotorsStocks, accounting for 70.18% of its previously promised shares.
Rivian,Adobe,FedEx,Lennar,Campbell Soup,and Other Stocks to Watch This Week
The main event for investors this week will be the Federal Reserve’s rate-setting committee’s last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.The Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.Earnings reports this week are few, but will include Campbell Soup on Tuesday;Lennar,Accenture,FedEx,Rivian Automotive, and Adobe on Thursday; and