Stocks were rising as tech gets a boost from Tesla By Investing.com

Economic growth slowed in the fourth quarter compared with the third, a sign the Federal Reserve’s aggressive interest rate increases last year are kicking in.

rose 2.9% in the last three months of the year, beating expectations but slower than the 3.2% reported for the third quarter. But the labor market remains robust, despite several large technology giants cutting jobs in recent days. of 186,000 came in lower than the 205,000 expected for last week and also below the week before that.it will raise by another quarter of a percentage point, which is a smaller increment than at its previous meetings.

Investors have been awaiting the time when the Fed’s interest rate moves will pause or perhaps pivot, though Fed officials have emphasized they want to see the terminal rate above 5% in order to tameStocks were getting a lift from Tesla's (NASDAQ:

This looks like a misunderstanding on top of a misunderstanding. Poor earnings and guidance from an auto company triggers rally in tech shares?

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

STOCK MARKET NEWS: GDP surprise, Tesla shares jump, Southwest’s mea culpaStocks rise as the U.S. economy unexpectedly grew in the 4Q, Musk delivers for Tesla, Southwest, American Airlines give updates. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Stocks making the biggest moves after hours: Tesla, Chevron, ServiceNow, Levi Strauss, IBM and moreThese are the stocks posting the largest moves in after-hours trading. Boycott Tesla $CVX All time highs are in. Be smart and get the hell out of oil companies before their stocks tank.
Source: CNBC - 🏆 12. / 72 Read more »