As Wall Street struggled to recover from a difficult start to August, stocks fluctuated on Monday.
The tech-focused Nasdaq Composite increased by 0.7%, while the S&P 500 increased by 0.4%. The Dow Jones Industrial Average meanwhile increased by 50 points, or 0.1%.
Following the company’s announcement that certain Model Y cars will now be cheaper in China, Tesla stock plummeted by 2%.
The actions take place as markets have been unable to maintain their 2023 climb since the late summer. The S&P 500 and Nasdaq both declined last week, by 0.3% and 1.9%, respectively. The two-week losing run was the Nasdaq Composite’s first of the year.
Source (CNBC)
