Tesla’s shares surged 10% on better-than-expected vehicle deliveries, providing a significant boost to the New York Stock Exchange. Tesla’s latest f
Tesla’s shares surged 10% on better-than-expected vehicle deliveries, providing a significant boost to the New York Stock Exchange.
Tesla’s latest figures, with second-quarter shipments stronger than anticipated, instilled strong confidence that propelled Wall Street to surpass an unprecedented milestone. However, this enthusiasm did not translate to the Santiago Stock Exchange, which closed at new lows as investors continued to digest the latest Imacec report.
The S&P 500 achieved a historic milestone by closing at 5,509.01 points, marking a 0.62% increase in Tuesday’s session. The tech-heavy Nasdaq rose 0.84%, also crossing the historic 18,000 points mark. The Dow Jones gained 0.41%.
SPX
A key factor driving this surge was Tesla: the electric car manufacturer’s stocks jumped 10.2% after surpassing vehicle delivery expectations in the second quarter. Analysts also noted that comments from the Federal Reserve Chairman further bolstered equities.
However, in Latin America, at the Santiago Stock Exchange, the S&P IPSA fell 0.34% to 6,385.39 points (preliminary), largely impacted by declines in Cencosud (-2.08%), Latam (-1.81%), and SQM-B (-0.31%). With this result, the IPSA closed at its lowest since April 25th.
The poor performance in the stock market is attributed to the weak Imacec data for May, which continues to weigh on investor sentiment, casting doubt on achieving an annual growth rate around 2.5%.
www.fxleaders.com
COMMENTS