U.S. stock futures traded higher in early pre-market trade after the Dow Jones dipped 185 points in the previous session. However, Wall Street recorded gains for the month of April.At 7:52 a.m. ET, Dow E-minis were up 211 points, or 0.65%, S&P 500 E-minis were up 23.25 points, or 0.56% and Nasdaq 100 E-minis were up 45.75 points, or 0.33%.The 30-stock average dropped 185 points, or 0.5%, on Friday but still closed out April with a monthly gain of 2.7%. TheS&P 500andNasdaqfared worse than theDow
The Fed Will Wait. That’s a Positive for Stocks and a Departure From the Past.
“Don’t fire until you see the whites of their eyes” appears to be the new command from the Federal Reserve.Powell’s comments were clearly aimed atheightened expectationsthat the Fed could raise rates multiple times by 2023, which in turn has lifted intermediate- and long-term Treasury yields. Those expectations pushed the benchmark 10-year Treasury yield to 1.68% at midday Wednesday, the highest level since January 2020. That benchmark yield eased back to 1.62% by the end of Powell’s press confe
Tesla earnings: Can sales growth match stock’s rise?
Tesla Inc. is expected to report fourth-quarter results after the bell on Wednesday, with all eyes on the Silicon Valley electric-car maker’s sales goals for 2021.On a call in October to discussTesla’s third-quarter earnings,one analyst estimated 2021 sales between 840,000 to 1 million vehicles, and Chief Executive Elon Musk responded that it likely would be “in that vicinity,” and that the analyst was “not far off.”Chief Financial Officer Zach Kirkhorn then added that TeslaTSLA,+0.20%would prov