US EditionWall Street Is Split as Tesla and Tech Drop While Most Other US Stocks Climb
- On Tuesday, the S&P 500 declined by 0.1%, experiencing its first decrease after three consecutive days of gains, while the Dow Jones increased by 0.9% and the Nasdaq dropped 0.8%, resulting in mixed performance across U.S. stock markets.
- This mixed market followed recent tensions between Tesla CEO Elon Musk and President Donald Trump, which have weighed heavily on Tesla's stock and broader market sentiment.
- Tesla shares dropped 5.3% on Tuesday, contributing significantly to the decline of the S&P 500, with the company’s overall valuation down 25.5% since the beginning of the year.
- Fed Chair Jerome Powell reiterated on Tuesday that he wants more evidence on how Trump's tariffs affect the economy before resuming interest rate cuts, amid signs of excess optimism in the stock market described as a bubble by Barclays strategists.
- Despite uncertainties from the market divide and tariffs, U.S. employers posted an increased number of job openings by the end of May, while manufacturing output expanded again in June, indicating continued economic strength.
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Colorado Springs Gazette+8 Reposted by 8 other sources
Asian shares are mixed, tracking Wall Street split as momentum slows and Tesla drops
Asian shares are trading mixed after Wall Street’s momentum slowed from its record highs, as Tesla and other technology shares declined. U.S. futures edged higher and oil prices were little changed. Shares fell in Japan, hit by jitters over a…
·Colorado Springs, United States
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Wall St. is split as Tesla and tech drop while most other US stocks climb
NEW YORK — A mixed day of trading left the U.S. stock market split to start the third quarter on July 1 as Wall Street's momentum slowed after setting record highs in each of the last two days.
·Charleston, United States
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US Stocks Drift Lower as Wall Street's Momentum Slows, Tesla Drops
Get latest articles and stories on World at LatestLY. US stocks are drifting lower as Wall Street's momentum slows after setting record highs in each of the last two days. World News | US Stocks Drift Lower as Wall Street's Momentum Slows, Tesla Drops.
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Total News Sources73
Leaning Left20Leaning Right4Center22Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 43%
C 48%
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