Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Tesla surged on Wall Street

Published: 02 July 2024
Tesla surged on Wall Street
Photo: Richard Drew/AP/TT

The electric car manufacturer Tesla was among the winners on Tuesday's New York stock exchange, where the three leading indexes all closed on the plus side. The broad S&P 500 index rose 0.6 percent, the Dow Jones industrial index increased 0.4 percent, and the technology-heavy Nasdaq composite index lifted 0.8 percent.

Tesla's share, which presented better sales figures for the spring than analysts had predicted, surged 10.2 percent.

Federal Reserve Chairman Jerome Powell said on Tuesday in a speech that the Federal Reserve "has made great progress" in combating inflation. However, he stated at the same time that the Fed is in no hurry to lower the interest rate. Powell pointed to the strong US labor market and said: "We can afford to wait".

People
Organisations
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Shanghai Stock Exchange Soars – Hong Kong Plunges Heavily
1 MIN READ

Shanghai Stock Exchange Soars – Hong Kong Plunges Heavily

Setback for Google in Court
1 MIN READ

Setback for Google in Court

Gloomy on Wall Street
1 MIN READ

Gloomy on Wall Street

Power Struggle Within Klarna – Calls for Extraordinary General Meeting
1 MIN READ

Power Struggle Within Klarna – Calls for Extraordinary General Meeting

Great demand for used cars
1 MIN READ

Great demand for used cars

New inflation figure expected to surpass the old one
3 MIN READ

New inflation figure expected to surpass the old one

300 Jobs at Risk in Region Västerbotten
1 MIN READ

300 Jobs at Risk in Region Västerbotten

Petrol Price Rises
1 MIN READ

Petrol Price Rises

The Stock Week Started Downwards
1 MIN READ

The Stock Week Started Downwards

Nintendo surges on Saudi data
1 MIN READ

Nintendo surges on Saudi data

Dark times for German industry
1 MIN READ

Dark times for German industry

Inflation Expectations Remain Below Target
1 MIN READ

Inflation Expectations Remain Below Target

Handelsbanken and Skandia lower mortgage rates
1 MIN READ

Handelsbanken and Skandia lower mortgage rates

Thousands of Officials Laid Off in Recent Months
1 MIN READ

Thousands of Officials Laid Off in Recent Months

Expert on food prices: We need more expensive food
2 MIN READ

Expert on food prices: We need more expensive food

Food that skyrockets in price due to extreme weather
3 MIN READ

Food that skyrockets in price due to extreme weather

Smooth Sailing in Asia after Strong Job Figures from the USA
1 MIN READ

Smooth Sailing in Asia after Strong Job Figures from the USA

Handelsbanken's services are working again
1 MIN READ

Handelsbanken's services are working again

Disruptions at Swedbank resolved
1 MIN READ

Disruptions at Swedbank resolved

"The Stranger Things effect: Upswing for board games"
3 MIN READ

"The Stranger Things effect: Upswing for board games"