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?

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