Elon Musk has his work cut out for him as DOGE kicks into gear. Many shareholders aren't worried about him losing focus on Tesla.
That was quite a day.Tesla stock took off as investors weighed everything from a new battle between CEO Elon Musk and the Securities and Exchange Commission to Wall Street price targets to the latest inflation data.
There wasn't much company-specific news today, so the across-the-board rally likely had to do with today's important inflation report. Inflation is a critical factor in demand for autos, as a car is a large-ticket item that is often financed by customers.
Easing inflation boosts US stock markets. Tesla jumps 5%, Goldman Sachs rises 4.9%. S&P 500 hits one-week high as Fed rate cut speculation grows.
U.S. stock indexes drifted lower following a mixed set of earnings reports from Morgan Stanley, UnitedHealth Group and other big companies
Technology stocks struggled across the board on Monday, including declines among all but one of the Magnificent 7 firms and a big hit to quantum computing stocks.
Cooling inflation sparks a risk-on rally as stocks surge, gold eyes a breakout, and Treasury yields fall. Tesla and Nvidia gain on dovish Fed hopes.
Producer price data signals softer inflation, lifting Dow. Nasdaq, S&P 500 under pressure as Nvidia and Meta fall. CPI report looms for further insights.