Stock market today: S&P 500, Nasdaq climb as Tesla shines
Published On Nov 18, 2024, 12:10 PM
US stocks gained ground on Monday, led by Tesla's 8% rise amid expectations of eased regulations for self-driving cars under the incoming Trump administration. The tech sector is closely watching Nvidia's upcoming earnings report, which is anticipated to have a significant impact on the AI trade driving market momentum. Nvidia's shares have faced pressure recently due to overheating issues with their new AI servers ahead of the earnings announcement scheduled for Wednesday. Overall, the market showed a recovery attempt, buoyed by strong economic signals and reduced expectations for Federal Reserve rate cuts.