Tesla Stocks

Key events: Eurozone - ECB's Elderson Speaks UK - BoE Gov Bailey Speaks UK - BoE MPC Member Mann Speaks Eurozone - CPI (YoY) (Oct) The S&P 500 closed higher on Monday, supported by a tech-driven rally and Tesla’s sharp gains, ahead of Nvidia’s (NASDAQ: NVDA) earnings release and remarks from multiple Federal Reserve officials. The Dow Jones Industrial Average fell by 55 points, or 0.1%, while the S&P 500 rose 0.4%, and the NASDAQ Composite outperformed with a 0.6% gain.

Key events: USA - Core CPI (MoM) (Sep) USA - CPI (YoY) (Sep) USA - CPI (MoM) (Sep) USA - Initial Jobless Claims USA - 30-Year Bond Auction The S&P 500 closed higher on Wednesday as investors continued to analyze signals from the Federal Reserve regarding future interest rate moves, ahead of important inflation data and Tesla’s robotaxi event. The Dow Jones Industrial Average gained 431 points (1%), the S&P 500 rose 0.7%, and the NASDAQ Composite added 0.5%.

Key events: USA - Durable Goods Orders (MoM) (Mar) USA - Crude Oil Inventories The S&P 500 surged on Monday, driven by strength in the technology sector, marking a rebound from its most significant weekly decline since March of the previous year. Investors turned their attention to upcoming quarterly earnings reports from major tech companies.

Key events: USA - Core Retail Sales (MoM) (Feb) USA - Initial Jobless Claims USA - PPI (MoM) (Feb) USA - Retail Sales (MoM) (Feb) On Wednesday, the Dow managed to edge higher for a third consecutive day, bolstered by gains in energy stocks, although a decline in tech stocks tempered overall market gains. Investor focus remained on forthcoming economic data scheduled for Thursday, which could influence the Federal Reserve's outlook before its decision next week.

Key events: USA - Core PCE Price Index (MoM) (Dec) USA - Core PCE Price Index (YoY) (Dec) The S&P 500 achieved consecutive record closes for the fifth day, with positive corporate earnings and optimistic economic growth offsetting concerns about inflation, leading to a decline in Treasury yields. The Dow Jones Industrial Average rose by 242 points (0.6%), while the S&P 500 reached a record of 4,894.92, closing 0.5% higher. The Nasdaq Composite also ended 0.2% higher.

Key events: UK - CPI (YoY) (Dec) Eurozone -CPI (YoY) (Dec) USA - Core Retail Sales (MoM) (Dec) USA - Retail Sales (MoM) (Dec) The Dow concluded the trading session with a decline on Tuesday, as investors processed a flurry of earnings reports and a surge in Treasury yields following remarks from Fed Governor Christopher Waller, who played down the urgency for rapid rate cuts.

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Key events: UK - Employment Change 3M/3M (MoM) (Sep) UK - Unemployment Rate (Sep) Eurozone - GDP (YoY) (Q3) Eurozone - GDP (QoQ) Eurozone - ZEW Economic Sentiment (Nov) USA - Core CPI (MoM) (Oct) USA - CPI (MoM) (Oct) USA - CPI (YoY) (Oct) US futures indicated a negative start to the week on Monday as investors braced for a series of significant economic data releases that could influence the future trajectory of Federal Reserve interest rate policies.

Key events: UK - GDP (MoM) (Sep) UK - GDP (YoY) (Q3) UK - GDP (QoQ) (Q3) USA - Michigan Consumer Expectations (Nov) USA - Michigan Consumer Sentiment (Nov) USA - FOMC Member Bostic Speaks USA - Fed Logan Speaks On Thursday, US equities took a dip as Federal Reserve Chairman Jerome Powell conveyed that current monetary policy was still not restrictive enough to effectively combat inflation, dashing investors' hopes of concluding the Fed's rate-hiking cycle.

Key events: China - Manufacturing PMI (Oct) Eurozone - CPI (YoY) (Oct) USA - CB Consumer Confidence (Oct) Despite Israel's initial steps into Gaza, European markets have had a positive start to the week. The limited and gradual nature of these actions seems to be easing concerns about potential escalations leading to a new front opening on Israel's northern border with Lebanon and Hezbollah.