Investors are waiting for inflation data and the start of the fourth-quarter earnings season to come out later this week. On Monday, U.S. stocks (e.g. Tesla stock) went up, helped by broad gains in mega-cap technology stocks.
Tesla Stock and Other Movers
Alphabet ( NASDAQ:GOOG L ) ( NASDAQ:GOOG ), Microsoft ( NASDAQ:MSFT ), Apple ( NASDAQ:AAPL ), and Amazon all saw gains of around 3% in morning trading, helping the tech-heavy Nasdaq Composite (COMP.IND) rise 2.12% to 10,793.48 points ( NASDAQ:AMZN ). Additionally beneficial was Tesla’s ( NASDAQ:TSLA ) stock’s 8% increase .
market Stock Outlook
The blue-chip Dow (DJI) rose 0.89% to 33,930.82 points, while the benchmark S&P 500 (SP500) gained 1.41% to 3,950.12 points. Ten of the 11 S&P sectors, led by technology and consumer discretionary, were trading in the green. The lone loser was health care.
All three major indices kept their big gains from the previous session. These gains were sparked by the government’s monthly jobs report, which showed possible signs of a weakening labor market.
According to Paul Donovan of UBS, “Friday’s US jobs report will be revised, but the evidence could be a hint of some economic slowdown ahead.” “Even when fake costs like owners’ equivalent rent are disregarded, the US has seen relatively poor real wage growth.” &...
Click here to read the full article on PressReach.com .Subscribe to the PressReach RSS feeds:
- Featured News RSS feed
- Investing News RSS feed
- Daily Press Releases RSS feed
- Trading Tips RSS feed
- Investing Videos RSS feed
Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube