Credit: Shutterstock photo• Shares of Annaly Capital Management, Inc. (NYSE: NLY ) dropped 5.1% after the 10-year U.S. Treasury yield moved above 2.7%
• Shares of Tesla Motors Inc. (NASDAQ: TSLA ) surged 4.21% to a record high after it received a large number of orders from Hong Kong for its newly introduced Model S sedan
• Shares of Dell Inc. (NASDAQ: DELL ) dropped 2.1% following reports that Michael Dell and Silver Lake will not increase their buyout offer of $24.4 billion
• Shares of both Bank of America Corp (NYSE: BAC ) and Citigroup Inc (NYSE: C ) gained 1.8%. A rise in interest rates is usually beneficial for large banks because it increases their net interest margins
BANK OF AMER CP (BAC): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
DELL INC (DELL): Free Stock Analysis Report
ANNALY CAP MGMT (NLY): Free Stock Analysis Report
TESLA MOTORS (TSLA): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
