Stock Market Today: S&P500 ends above 5,500 for first time as record run continues

Investing.com-- The S&P 500 closed above 5,500 for the time ever Tuesday, underpinned by a surge in Tesla and optimism over rate cuts after Federal Reserve Chair Jerome Powell cheered recent progress on inflation.said the Fed has made"quite a bit of progress and in bringing inflation back down" toward the central bank's target, though added more confidence that inflation was a sustained path lower would needed before the rate-cutting process gets underway.

The labor sector has been running hot despite sticky inflation and high interest rates, and is also a key consideration for the Fed in cutting interest rates.) rose 10% after the EV maker said it had delivered 443,956 EVs in the second quarter, beating estimates of 438,019. The update on deliveries comes just weeks ahead of Tesla's Q2 results due Jul. 23, and its RoboTaxi Day on Aug. 8, Wedbush added, with the latter event expected to see the EV maker tout the next part of its autonomous story.) rose nearly 8% after The New York Times reported that billionaire Barry Diller was considering a bid for the firm. The news come just as several media reports suggest Warner Bros. Discovery stock fell nearly 1% after the Associated Press reported that the U.S.

Malaysia Malaysia Latest News, Malaysia Malaysia 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 ends above 5,400 for first time despite hawkish FedStock Market Today: S&P 500 ends above 5,400 for first time despite hawkish Fed
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 slips after briefly topping 5,500 for first time everStock Market Today: S&P 500 slips after briefly topping 5,500 for first time ever
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 gains as Amazon jumps to join $2T club for first timeStock Market Today: S&P 500 gains as Amazon jumps to join $2T club for first time
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Asian shares start June with big gains following Wall St rallyShares in Asia have started June with big gains after Wall Street finished with another push higher. Hong Kong's Hang Seng led with a 2.7% gain. On Friday, the S&P 500 rose 0.8% to close its sixth winning month in the last seven. The Dow Jones Industrial Average jumped nearly 575 points, or 1.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: Asian shares start June with big gains following Wall St rallyShares in Asia have started June with big gains after Wall Street finished with another push higher.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock market today: Asian shares start June with big gains following Wall St rallyShares in Asia have started June with big gains after Wall Street finished with another push higher.
Source: ksatnews - 🏆 442. / 53 Read more »