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Wall Street stocks finish higher as investors focus on Fed moves

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sanskritds.com

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Tue, Apr 30, 2024 04:21 AM

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US stock market: Wall Street stocks finish higher as investors focus on Fed moves US stocks ended hi

US stock market: Wall Street stocks finish higher as investors focus on Fed moves US stocks ended higher on Monday, with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week. Traders expected the Fed to keep rates unchanged while striking a hawkish tone.Tesla (TSLA.O) shares surged 15.3 per cent, after the electric vehicle maker made progress in securing regulatory approval to launch its advanced driver-assistance program in China, its second-largest market after the USApple (AAPL.O) gained 2.5 per cent following a report that the iPhone maker had renewed discussions with OpenAI about using the startup's generative artificial intelligence (AI) technology. Bernstein upgraded Apple's stock to "outperform". Other megacap stocks finished lower including Alphabet (GOOGL.O), Meta Platforms (META.O), and Microsoft (MSFT.O). Nvidia (NVDA.O) closed higher after paring early losses. [Read more]( If you would prefer not receiving our emails, please [Click Here](

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