Sunday, April 14, 2024
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S&P 500 Minor Uptick

Despite Wall Street’s inability to recover from a difficult start to August, the S&P 500 increased on Monday.

While the heavily tech-focused Nasdaq Composite increased by 0.7%, the broad market index increased by 0.4%. The Dow Jones Industrial Average was trading close to its flat line at the same time.

Following the company’s announcement that some Model Y cars will now be cheaper in China, Tesla stock slumped 1.7%.

The actions take place as markets are having a hard time holding onto their 2023 surge from late summer. S&P 500 and Nasdaq prices decreased by 0.3% and 1.9%, respectively, last week. For the first two weeks of the year, the Nasdaq Composite lost money.

Source (CNBC)

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