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Wall Street rises driven by Tesla shares, which fly in New York

Wall Street rises driven by Tesla shares, which fly in New York

The company reported in its balance sheet that it overcame some key regulatory obstacles that made it difficult to deploy its autonomous driving software in China.

Reuters

The main Wall Street indices climb this Monday, April 29 in a volatile session, thanks to the advance of the shares of tesla and Manzanabut the most cautious investors waiting for the Federal Reserve decision about the interest rates.

In that context, the Dow Jones Industrial Average rises 65.15 points, or 0.2%, to 38,304.81 units; he S&P 500 gains 9.34 points, or 0.2%, to 5,109.30 units; and the Nasdaq Composite adds 33.36 points, or 0.2%, to 15,961.26 units.

Wall Street: Tesla and Apple shares soar

The actions of Tesla fly more than 16%driving an increase of 1.8% in the discretionary consumptionafter the electric vehicle maker cleared some key regulatory hurdles that had long hindered the rollout of its self-driving software in China, its second-largest market.

Apple advances more than 3% after learning that the manufacturer of the iPhone had resumed talks with OpenAI on the use of technology artificial intelligence (AI) generative of this company. Bernstein raised his recommendation to “outperform”.

US stocks closed higher on Friday, buoyed by subdued inflation data and a rally in mega-cap growth stocks following strong quarterly results from tech heavyweights Alphabet and Microsoft.

Furthermore, peace talks between Israel and Hamas in Cairo alleviated fears of a broader conflict in Middle East.

Attention will now focus on the decision of the Federal Reserve about the interest rateswhich will be released on Wednesday, before a key employment report is released on Friday that could shape the direction of markets in the short term.

Contrary to the optimism, the communication services sector lost 1.3%, pressured by the shares of Alphabet and Meta Platformswhich fell more than 2% each.

Source: Ambito

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