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Business News

Wall Street climbs on easing trade worries

NEW YORK (Reuters) – Wall Street’s three major indexes added to gains late in Wednesday’s session as the S&P 500 and the Dow were boosted by financial and industrial stocks and ebbing trade-war fears while the Nasdaq was set for a fourth straight day of gains.

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Trading Ideas

Tesla shares rise as Musk says Model 3 set to hit target

The move overturned around a third of the impact of a rocky few months for Tesla, which has seen shares fall by a quarter from a peak last September as it battled with production delays and reports of a series of car crashes. Speaking at the company’s annual shareholder meeting on Tuesday, Musk offered teasers for upcoming projects, welling up when he spoke of the company’s vehicles being made “with love” and said his production lines have demonstrated the ability to make 3,500 Model 3 vehicles per week. Tesla’s future profitability hinges on ramping up output of the …read more […]