English
Back
Download
Log in to access Online Inquiry
Back to the Top

Outlook for the U.S. market: Tesla soaring after earnings, Nasdaq composite index starts 108 points higher.

avatar
moomooニュース米国株 wrote a column · Apr 24, 2024 21:37
Outlook for the U.S. market: Tesla soaring after earnings, Nasdaq composite index starts 108 points higher.
Hello, Moomoo users!This is the financial market trend for tonight's New York Stock Exchange.

Market Overview
The USA market started with the Dow Jones Industrial Average, which consists of high-quality stocks, increasing by $49.10 to reach $38,552.79, while the Nasdaq Composite Index, which has a high proportion of technology stocks, started with an increase of 108.96 points to reach 15,805.60. The S&P 500 Index, which consists of 500 large-cap stocks in the US, increased by 14.31 points to reach 5,084.86.
Outlook for the U.S. market: Tesla soaring after earnings, Nasdaq composite index starts 108 points higher.
$Dow Jones Industrial Average (.DJI.US)$
$Nasdaq Composite Index (.IXIC.US)$
$S&P 500 Index (.SPX.US)$

Top news of individual stocks
US core capital goods orders saw a slight increase, highlighting companies' cautious stance - the previous month's figures were revised downward.
Orders for business equipment in the US manufacturing sector in March remained only slightly higher, indicating that companies are cautiously restraining capital investment due to concerns about future demand.

Israel conducted airstrikes on 40 Hezbollah bases in southern Lebanon.
The Israeli Defense Forces have revealed that they have attacked about 40 bases associated with the pro-Iranian militia Hezbollah in southern Lebanon.

Support for Biden is declining in battleground states, with Trump leading in only one state, according to a survey.
It has been revealed that the recent increase in support for President Biden in battleground states has almost disappeared. Serious pessimism about the US economic outlook has influenced the approval rating.

Tesla, in a difficult situation, is reevaluating its growth strategy as Elon Musk, CEO, faces challenges in the market for low-priced electric vehicles (EVs). The company experienced a decline in revenue and profit for the first time in four years due to competition from low-priced Chinese EVs in the first quarter of 2024. Musk has announced that he will accelerate the introduction of the next generation of affordable EVs, although the specifications may differ significantly from the initial plan, and the path to recovery is still uncertain.
The US, which has been leading the market for electric vehicles (EVs), is being forced to rethink its growth strategy. $Tesla (TSLA.US)$In the first quarter of 2024, Tesla, which has been driving the electric vehicle (EV) market, saw a decline in revenue and profit for the first time in four years due to competition from low-priced Chinese EVs. Elon Musk, CEO, has announced that he will accelerate the introduction of the next generation of affordable EVs, but there are possibilities that the specifications will be significantly different from the original plan, and the path to recovery is still unclear.
Related Articles
Musk criticized by Australian lawmakers as "should be imprisoned" due to the controversy over the incident video, deepening the confrontation.

Boeing's cash burn in the January-March quarter was 610 billion yen, less than expected, leading to a rise in stock prices.
The major US aircraft company $Boeing (BA.US)$ burned 3.930 billion dollars (about 610 billion yen) in cash in the January-March quarter, which was less than analysts' expectations. In response to manufacturing issues, the company is slowing down its production pace.

Source: Nikkei, Bloomberg, Dow Jones, Reuters, moomoo.
moomoo News Zeber
Outlook for the U.S. market: Tesla soaring after earnings, Nasdaq composite index starts 108 points higher.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
19
2
+0
2
See Original
Report
210K Views
Comment
Sign in to post a comment