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.

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Stock Forecasts

AI prediction results, not representative of any investment advice.

TSLA View TSLA chart on TradingView

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 View NVDA chart on TradingView

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.

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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