Stock market today: Nasdaq leads gains to kick off new quarter as Tesla pops 6%
Stock market today: Nasdaq leads gains to kick off new quarter as Tesla pops 6%
https://finance.yahoo.com/news/stock-market-today-nasdaq-leads-gains-to-kick-off-new-quarter-as-tesla-pops-6-200103811.html
Summary
Certainly! Here are the key takeaways from the article:
- US Stocks: US stocks edged higher at the start of the third quarter in 2024[^1^][1][^2^][2]. The Dow Jones Industrial Average rose 0.1%, the S&P 500 gained 0.3%, and the tech-filled Nasdaq Composite climbed about 0.8%[^3^][3][^4^][4].
- Tesla's Stock: Tesla stock popped roughly 6% ahead of its quarterly delivery results[^5^][5]. Investors are closely watching for signs of cooling in the labor market and potential interest rate cuts[^6^][6].
- Manufacturing Activity: US manufacturing activity fell further into contraction territory in June, hitting a four-month low[^7^][7][^8^][8].
- Apple's China Issues: Apple's market share losses in China may impact iPhone sales in 2025, according to an analyst[^9^][9].
- Private Markets: BlackRock's acquisition of Preqin aims to make private markets more investable.
- Chewy and Nvidia: Chewy stock surged after investor Keith Gill disclosed a 6.6% stake, while Nvidia erased earlier losses and climbed into green territory[^10^][10][^11^][11].
- Inflation Concerns: Inflation remains a top concern among voters[^12^][12].
- Corporate Earnings Optimism: Investors are upbeat about the outlook for corporate profits[^13^][13].