Small caps and major stock indexes kept charging higher up t...
Small caps and major stock indexes kept charging higher up to the close Friday as virtually all gained back the ground lost in Thursday's sell-off. The catalyst on the stock market today was a dovish speech from Federal Reserve Chairman Jerome Powell, who set the stage for a series of rate cuts starting at the Fed's September meeting.
Markets Get Ready For Rate Cuts
Tesla Make A Comeback![]()
![]()
![]()
$Tesla (TSLA.US)$ powered up 4.6% as tech stocks reacted strongly to Powell's comments. Interest rate cuts would make auto loan rates lower. Tesla tested its 50-day line on the stock market today. The electric vehicle stock is in a newly formed base with a 271 buy point, although the Aug. 20 high of 228.22 could be used as an aggressive entry. Tesla stock was a big gainer on the $S&P 500 Index (.SPX.US)$ Friday. $Tesla (TSLA.US)$
$Tesla (TSLA.US)$ powered up 4.6% as tech stocks reacted strongly to Powell's comments. Interest rate cuts would make auto loan rates lower. Tesla tested its 50-day line on the stock market today. The electric vehicle stock is in a newly formed base with a 271 buy point, although the Aug. 20 high of 228.22 could be used as an aggressive entry. Tesla stock was a big gainer on the $S&P 500 Index (.SPX.US)$ Friday. $Tesla (TSLA.US)$
Interest rate cuts may provide Tesla with a more favorable financing environment, promote sales growth, lower capital costs, and further solidify its competitive position in the market.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
