Stock Market Today: S&P 500 ekes out gain on Tesla rally but spike in yields bite

Investing.com-- The S&P 500 eked out a gain Wednesday, as rising Treasury yields and weakness in industrials weighed, but a spike in Tesla helped tech add to gains ahead of another round of earnings from big tech.) stock jumped 12%, rebounding from a 15-month low hit earlier this week, after the electric vehicle manufacturer said it was accelerating the launch of new EV models including more affordable options, to the second half of 2025.

A cheap EV model could represent the next leg of growth for Tesla, and also enable more sales of its high-margin self-driving software.) stock fell more than 2% after Mody’s Ratings downgraded Boeing’s credit rating to Baa3 from Baa2, a notch above 'junk' status. The aircraft manufacturer had been more than 4% intraday following first-quarter revenue beat expectations. Adding to negative sentiment on the aircraft maker U.S. Transportation Secretary Pete Buttigieg said that Boeing would have to meet convince the Federal Aviation Administration that it has address quality control issues within the 90-day deadline before it can boost production of its 737 MAX jets.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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 Today: S&P 500 in back-to-back gains as tech reigns supremeStock Market Today: S&P 500 in back-to-back gains as tech reigns supreme
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 rallies on tech strength ahead of big tech earningsStock Market Today: S&P 500 rallies on tech strength ahead of big tech earnings
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 extends losing streak on Nvidia, Netflix slumpStock Market Today: S&P 500 extends losing streak on Nvidia, Netflix slump
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 in longest losing streak since October as yields jumpStock Market Today: S&P 500 in longest losing streak since October as yields jump
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 closes lower as Nvidia leads tech stumbleStock Market Today: S&P 500 closes lower as Nvidia leads tech stumble
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 closes lower as Powell signals higher for longer ratesStock Market Today: S&P 500 closes lower as Powell signals higher for longer rates
Source: Investingcom - 🏆 450. / 53 Read more »