Stock market today: S&P 500, Nasdaq climb as Tesla shines

Published On Nov 18, 2024, 1:00 PM

U.S. stocks experienced a positive shift on Monday, led by a significant increase in Tesla's stock price following favorable news about self-driving vehicles under the new administration. The Dow Jones remained stable, while the S&P 500 and Nasdaq saw moderate gains, buoyed by strong tech performance. Investors are particularly focused on Nvidia's upcoming earnings report, which is anticipated to provide insights into the health of the AI market. Nvidia's stock faced some pre-earnings volatility due to concerns regarding potential issues with its Blackwell AI servers, yet it remains a key driver of market performance. Bitcoin rebounded above $91,000 after recent fluctuations. Overall, the market is cautiously optimistic but watches the upcoming earnings and economic indicators closely.

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Stock Forecasts

AI prediction results, not representative of any investment advice.

TSLA View TSLA chart on TradingView

Positive

Given Tesla's positive news regarding self-driving regulations and its significant stock surge, the outlook for TSLA is positive. The anticipated supportive policies from the new administration may amplify interest and investments in EVs, particularly Tesla, which is leading this segment.

NVDA View NVDA chart on TradingView

Negative

Nvidia is under scrutiny ahead of its earnings report due to recent concerns about overheating issues with its AI server technology. While it has been a strong performer, these supply chain concerns may weigh on its stock in the short term, which might lead to cautious investment behavior before the earnings release.

Stock market today: S&P 500, Nasdaq climb as Tesla shines

Stock Forecasts

TSLA View TSLA chart on TradingView

NVDA View NVDA chart on TradingView

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