Tesla Inc

NASDAQ:TSLAUnited States

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• Equity Markets Rise With Key Earnings, Fed Decision in Focus, from 2 hours ago by MT Newswires

  2 hours ago by MT Newswires
  Companies Mentioned: KO, LLY, MCD, PFE, TSLA, AAPL, AMD, AMZN, MA, BA, BEN
  04:34 PM EDT, 04/29/2024 (MT Newswires) -- US benchmark equity indexes closed higher Monday as markets awaited key corporate earnings and the Federal Reserve's latest monetary policy decision due later in the week. The Dow Jones Industrial Average r...

• DJ Tesla Surge Helps Stock Market Extend Gains -- WSJ, from 3 hours ago by Dow Jones

  3 hours ago by Dow Jones
  Companies Mentioned: TSLA
  By David Uberti A surge in Tesla's stock helped the market extend its rally to start a busy week for corporate earnings and economic data. Major U.S. indexes edged higher Monday. The S&P 500 rose 0.3%, while the tech-heavy Nasdaq Composite ticked upward by 0.4%. The Dow Jones Industrial Average increased 0.4%, or 146 points. Stocks have ground out gains over the past week despite hotter-than-expected inflation data that has cast doubt on Wall Street's hopes for interest-rate cuts in the coming months. That shift in expectations has fueled a run-up in government-bond yields -- and, with them, borrowing costs across the U.S. The market's gradual acceptance of higher-for-longer rates seemed overdue to investors such as Jim Masturzo, chief investment officer of multiasset strategies at Research Affiliates. If the Fed were to cut rates as many times as the market had priced in earlier this year, he said, it would suggest a drastic and potentially painful economic slowdown. "To me, that is a risky scenario," Masturzo said. A Federal Reserve meeting set to conclude Wednesday could give investors additional hints regarding whether the central bank might lower rates by year's end. That update will be followed Friday by the April jobs report, which will provide the latest snapshot of a U.S. economy that continued expanding in the first quarter. The benchmark 10-year yield drifted downward Monday to 4.612% but remains 0.752 percentage point higher since the beginning of 2024. That has attracted investors to the safe payouts on government debt, pressuring stocks for much of April and putting all three indexes on track for their worst monthly performances of the year. "There is no cost to me waiting -- to avoid that volatility, that choppiness -- while getting paid," said Jason Hsu, chief investment officer at Rayliant Global Advisors. Hsu's firm is more attracted to bets in countries such as Japan, where the government Monday moved to prop up the yen after it hit a multidecade low against the dollar. Although many traders have shied away from riskier assets in recent weeks, one of the year's most volatile stocks led the S&P 500 on Monday. Tesla shares bounded 15% higher, their largest one-day gain since 2021, after Chief Executive Elon Musk won Beijing's blessing to roll out the company's driver-assistance service in China. The automaker's share price has nevertheless slumped 22% this year amid a darkening outlook for electric-vehicle sales growth. Shares of Fulton Financial increased 7.6% following the acquisition of regional bank Republic First in a government-backed deal. Media conglomerate Paramount Global rose 2.9% ahead of the evening news that the CBS owner's chief executive, Bob Bakish, would step down amid sales talks. Shares in Google-parent Alphabet, which jumped Friday after better-than-expected earnings, retreated 3.3% Monday, while Instagram owner Meta Platforms shed 2.4%. The two stocks' losses turned the S&P 500's communications-services sector into the index's big laggard. Earnings season will pick up speed Tuesday, when results from Amazon.com, McDonald's and Coca-Cola are due. Write to David Uberti at david.uberti@wsj.com -- Joe Wallace and Gina Heeb contributed to this article. (END) Dow Jones Newswires April 29, 2024 16:24 ET (20:24 GMT)

• Sector Update: Consumer Stocks Rise in Late Afternoon Trading, from 3 hours ago by MT Newswires

  3 hours ago by MT Newswires
  Companies Mentioned: TSLA, PARA, MULN, CMCSA
  03:51 PM EDT, 04/29/2024 (MT Newswires) -- Consumer stocks were advancing late Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) adding 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 2.1%. In corpo...

• Uber Poised For First-Quarter Earnings, Bookings Beat, BofA Says, from 5 hours ago by MT Newswires

  5 hours ago by MT Newswires
  Companies Mentioned: TSLA, UBER
  01:58 PM EDT, 04/29/2024 (MT Newswires) -- Uber Technologies (UBER) is expected to report better-than-projected first-quarter earnings and bookings, with the company's mobility business likely to be the "bright spot," BofA Securities said Monday. T...

• Sector Update: Consumer Stocks Higher in Afternoon Trading, from 5 hours ago by MT Newswires

  5 hours ago by MT Newswires
  Companies Mentioned: TSLA, PARA, DPZ
  01:54 PM EDT, 04/29/2024 (MT Newswires) -- Consumer stocks were advancing Monday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) fractionally higher and the Consumer Discretionary Select Sector SPDR Fund (XLY) climbing 2.4%. In co...