S&P 500 (^GSPC) is in decline as it heads toward a losing month, with ongoing concerns about a potential recession weighing on investors' minds. Tesla (TSLA) shares are slipping amidst a report from the Financial Times the company is facing an EU investigation into foreign automakers exporting from China. Oil prices (CL=F) are moving after the dollar reached an eight-month high, prompting concerns about demand. Despite this, oil remains on course for its largest quarterly gain since March 2022. Investors are watching AMC (AMC) shares, following the announcement of Taylor Swift's global concert film release, set to reach 100 countries worldwide starting on October 13.
Video Transcript
- Let's take a look at how things are shaping up right now. Stocks are lower today as markets stay on course for a losing month. Recession worries remain a concern for investors. And JPMorgan CEO Jamie Dimon warning the US economy may not be prepared for the fallout should the Fed raise rates to 7%.
- We're also watching shares of Tesla today. The EV maker will reportedly face scrutiny amid an EU investigation into foreign automakers that export from China on claims of unfair subsidies. This is according to a report from the Financial Times.
- And we are watching oil prices today after the dollar hit an eight month high raising concerns on demand. Despite the pullback, oil is still on track for its largest quarterly gain since March of 2022.
- And AMC shares on the move this morning after announcing Taylor Swift's eras concert film is going global. Now, Swifties in over 100 countries worldwide are going to be able to enjoy the film as soon as October 13. And tickets for most international locations will go on sale today.
