On Monday, April 29th, the U.S. stock markets closed higher, led by significant gains in Tesla and Apple. Investors are waiting for the Federal Reserve’s interest rate decisions.
Tesla (NASDAQ:TSLA) shares surged 15.3% after making headway in securing regulatory approval for its driver-assistance program in China, its second-largest market.
In terms of economic indicators, the Dallas Fed Manufacturing index experienced a minor decline to -14.5 in April, down from -14.4 in March.
Nine of the 11 S&P 500 sectors finished higher, driven by gains in consumer discretionary, utilities, real estate, materials, and industrials, while Communication services and financials lagged.
The Dow Jones Industrial Average gained 0.38% to close at 38,386.09. The S&P 500 was up 0.32%, ending the day at 5,116.17, and the Nasdaq Composite rose 0.35%, finishing the ...