The Dow Jones Industrial Average rose on Tuesday as Federal Reserve Chairman Jerome Powell maintained a firm stance on interest rates. Meanwhile, proposed mergers dominated headlines, with Tesla lagging behind due to fears of a takeover plan led by Elon Musk. Apple stock surged following reports of an artificial intelligence deal with Alibaba.
Tesla’s struggles continued to be a focus for investors, who awaited the company’s plans for fully autonomous driving in Texas. The stock received a price target cut amid its recent downturn. However, analysts differed on the impact of Elon Musk’s OpenAI bid on Tesla’s challenges.
Other notable stocks include Nvidia, which reversed from a key level and plummeted alongside Tesla; and the Magnificent Seven Stocks, where Nvidia takes aim at Apple as Tesla fights to keep its Mag 7 card. Two S&P 500 Dividend Kings also gapped above buy points on earnings.
Source: https://www.investors.com/market-trend/stock-market-today/dow-jones-nasdaq-sp500-jerome-powell-warren-buffett-apple-tesla-nvidia