News Formal

Stock market today: Stocks edge higher to start big week, Tesla surges 15%

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 21 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 63%

Nasdaq Composite News

Federal Reserve,Tesla Shares,US Treasury

Tesla is providing a boost ahead of a big week filled with a Fed rate decision, the monthly jobs report, and more Big Tech earnings.

Stocks closed higher on Monday to kick off a big week filled with a Federal Reserve rate decision, the monthly jobs report, and earnings from more "Magnificent Seven" tech heavyweights. The S&P 500 rose 0.3%. The tech-heavy Nasdaq Composite gained more than 0.3% as Tesla shares surged 15% amid upbeat news related to the EV giant's Full Self Driving technology in China. The Dow Jones Industrial Average , which has fewer tech components, rose about 0.3%.

While the central bank is expected to hold rates steady at a 23-year high, debate is raging over the timing and even likelihood of a cut in 2024. In focus is whether Fed policymakers will backtrack on their earlier projection for a significant easing in borrowing costs. Traders have already scaled back their bets, and the April jobs report that rounds off the week could move the needle again.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Stock market today: Tesla surges after earnings, stocks cling to gains ahead of Meta's reportTesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Tesla surges 12%, stocks go nowhere amid earnings rushTesla's surge is putting Big Tech earnings center stage as investors look to megacaps to lift stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Trading Game Plan: Tesla trade level, stock market near resistance, stock, crypto, gold and silverThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Stock market today: Stocks bounce after rough start to second quarterInvestors looked ahead to a speech by Federal Reserve Chair Jerome Powell amid worries that interest rates will stay higher for longer.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »