Yahoo Finance's Jared Blikre looks at the day's market gains, sector actions, JPMorgan Chase in the banking industry, travel stocks, and Nasdaq leaders.
Ark Invest CEO Cathie Wood has long been bullish on Tesla (NASDAQ: TSLA), and that certainly hasn't changed. Of course, it doesn't really matter whether Roku ranks first or second. While the company is best known for its presence in smart TV operating systems and its streaming players, its platform segment is the heart of its business.
U.S. securities regulators have pulled their punches in dealings with Elon Musk largely because an April 2019 court hearing on a statement he made about Tesla on Twitter didn't go their way, according to four sources with knowledge of the matter. The U.S. Securities and Exchange Commission (SEC) asked the court to hold the billionaire in contempt, saying a tweet by the Tesla Inc. CEO - which forecast production at the carmaker - violated a court agreement Musk signed the previous year to have some of his communications vetted by a lawyer. By trying to rein in his comments, the SEC was veering into relatively uncharted territory.