Tech Titan Rebound, Tesla Rises Most in a Year
Wall Street cheered with tech heavy index Nasdaq surging 4% in Tuesday’s trade. The rise was led by Tesla which snapped a 5 day losing streak and Amazon and Microsoft which posted the single biggest gain in over a month.
Tesla stock ended Tuesday trade up nearly 20%, its highest close in a week and largest one-day percentage advance since Feb 2020. This rise added over $100 bn to the Musk backed EV makers market value which now stands at $647 bn.
Investors on Wall Street cheered bond yields coming down that eased upto 1.52% vs the 13 month high of 1.61% .