Stock market today: S&P 500, Nasdaq climb as Tesla shines
Published On Nov 18, 2024, 1:00 PM
US stocks experienced a rise on Monday, led by Tesla as their shares surged following reports of potential easing of regulations for self-driving vehicles under a Trump administration. The Nasdaq Composite increased by 0.5%, significantly influenced by the 8% increase in Tesla's stock. Investors are also focused on Nvidia's upcoming earnings report, as it is expected to provide insights into the AI market's strength. This week is critical as Nvidia's prior production issues with their Blackwell AI servers are raising concerns, leading to a smaller decline in its stock ahead of the earnings release.
Stock Forecasts
TSLA
Positive
Tesla's stock is poised for further gains due to positive sentiment surrounding the easing of regulations for electric and self-driving vehicles. This policy shift could invigorate the EV market and bolster investor confidence in Tesla, supporting its growth trajectory.
NVDA
Negative
Nvidia is facing uncertainty due to production issues with its Blackwell servers ahead of its earnings report. This could lead to a cautious trading environment and potential downward pressure on its stock if the earnings do not meet high expectations or if production concerns continue to impact their business.
Related News
Nvidia stock sinks on reports of Blackwell AI server issues ahead of earnings
Nov 18, 2024, 10:57 AM
Nvidia stock sank early Monday ahead of earnings later this week as investors reacted to a report from The Information highlighting issues with its latest Blackwell AI servers.
Stock market today: S&P 500, Nasdaq climb as Tesla shines
Nov 18, 2024, 12:10 PM
Investors are looking ahead to Nvidia earnings to test the health of the AI trade, as optimism for rate cuts fades.
Why Nvidia stock is ripe for another surge: Investor
Nov 18, 2024, 8:23 AM
More reasons why Wall Street loves Nvidia.