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. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
AMC Entertainment (AMC) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
LEAWOOD, Kan., September 26, 2023--AMC Theatres® (NYSE:AMC), the largest theatrical exhibitor in the United States and the world, today announced that TAYLOR SWIFT | THE ERAS TOUR concert film is going global. On October 13, TAYLOR SWIFT | THE ERAS TOUR concert film will play on big screens and with their big sound, expected in more than 100 countries around the world. Tickets for international locations outside North America will go on sale for most participating locations beginning September 2