U.S. stocks opened higher on Thursday as optimism over Tesla’s earnings results and a stronger-than-expected GDP report left investors in a better mood following Wednesday’s intraday selloff.
The economy grew at a robust 2.9% annual pace to close out 2022, according to the first estimate of fourth quarter GDP, released Thursday morning — the latest sign that the U.S. economy is holding up well despite the Federal Reserve’s aggressive interest-rate hikes. “This is a bit of a relief rally,” said Christopher Zook, chairman and chief investment officer of CAZ Investments.
Investors also celebrated a surge in Tesla Inc. TSLA, +8.97% shares premarket after the firm released well-received results that showed record quarterly profits.
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:
United States United States Latest News, United States United States 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 »
Tesla earnings will be 'most important' in history, Tesla bull saysTesla is slated to report fourth-quarter earnings after the bell Wednesday, and a known Tesla bull is calling the report "one of the most important in... Boycott Tesla Wow! $1.13? Things are really bad for Tesla!
Source: MarketWatch - 🏆 3. / 97 Read more »
Bitcoin, Ethereum Technical Analysis: BTC Back Above $23,000 Following Tesla Q4 Earnings Report – Market Updates Bitcoin NewsBitcoin rallied back above $23,000 on Thursday, following the release of Tesla’s quarterly earnings report. BTC jumped above and below $23K several times already. Nothing new here. BTC at this price is a discount. Keep loading guys, y’all know what coming for fiat. Hoping it dips again.
Source: BTCTN - 🏆 531. / 51 Read more »