HomeBusinessStock futures dip slightly ahead of Fed policy meeting: Live updates

Stock futures dip slightly ahead of Fed policy meeting: Live updates

7 hours ago

Square CEO is leaving the company

Square CEO is ready to leave the companyaccording to regulatory documents published Monday.

Alyssa Henry set to leave fintech company unit Block on October 2 after more than nine years with the company.

Block shares fell nearly 2% in extended trading.

—Samantha Subin

7 hours ago

Cathie Wood maintains her wildly bullish decision on Tesla

Ark Invest’s Cathie Wood Reiterated Her Hugely Bullish Call on Her EV Favorite teslareaching $2,000 in five years driven largely by the rise of robotaxi.

“About a third of our valuation is tied to electric vehicles,” Wood said on “CNBC.”Easy money” Monday. “Two-thirds of our evaluation revolves around autonomous (driving) and autonomous taxi platforms.”

Wood’s bearish argument for Tesla is a target of $1,400 by 2027 and $2,500 as a bullish target. Tesla is the largest stake in the flagship of it. Ark Innovation ETF (ARKK) fund, with a weighting of 11.5%. Tesla shares have doubled this year after losing 65% in 2022.

-Yun Li

8 hours ago

Instacart prices its IPO at $30 per share

instacart priced its IPO at $30 a stock late Monday, valuing the grocery delivery company at about $10 billion.

The company will debut Tuesday on the Nasdaq under the symbol “CART.”

This puts the offer at the upper end of the expected range of between $28 and $30 per share.

—Ari Levy, Samantha Subin

8 hours ago

Stock futures open little changed

Stock futures opened little changed Monday evening as Wall Street awaited the start of the Federal Reserve’s policy meeting.

Futures linked to Dow Jones Industrial Average added 13 points, or 0.03%, while S&P 500 Futures and Nasdaq 100 Futures rose 0.02% and 0.06%, respectively.

—Samantha Subin

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