Today, the stock market saw a notable rebound, primarily fueled by Tesla's impressive earnings report. The Nasdaq Composite led the charge, gaining approximately 0.6%, while the S&P 500 added over 0.2%. Tesla's quarterly profit, marking its highest in over a year, exceeded expectations and set a positive tone for the broader market. Shares of Tesla surged more than 15% at the opening bell, contributing significantly to the day's gains. This performance underscores the company's ongoing focus on profitability, even as it navigates the transition from an automotive manufacturer to an AI-driven enterprise. nz.finance.yahoo.com
The Dow Jones Industrial Average, however, faced a slight decline, dropping over 100 points or nearly 0.3%. This downturn was influenced by a 2.3% drop in Alphabet's shares, following reports that the U.S. Department of Justice is considering potential actions, including a breakup of the company. Despite this, the overall market sentiment remained optimistic, bolstered by Tesla's strong performance and the anticipation of a robust earnings season. Investors are encouraged to monitor upcoming earnings reports and economic indicators to gauge the market's trajectory in the coming weeks. ca.finance.yahoo.com