Both consumer and producer prices cooled a bit, while weekly jobless claims posted their sharpest rise in 1-1/2-years.
The University of Michigan's preliminary reading on the overall index of consumer sentiment is expected to come in at 63.0 this month, down from 63.5 in April.
"It (markets) is bullish on the fact that we are not going to have a hard landing, and we are not going to have a big recession," said Adam Sarhan, chief executive of 50 Park Investments.
"The Fed can pause because inflation is coming down. Even the banking failures that happened, the financial system was dented, but it didn't break."
Tesla Inc rose 2.1% in premarket trade and was the top gainer among its growth peers after top boss Elon Musk said he found a new chief executive for Twitter. The EV maker also raised the U.S. prices of its Model S, X, and Y vehicles.
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We all know that a $20+ move up is coming sooner rather than later. It will take one tiny bit of news and the $200 mark will be hit again.
Actually, felicty rangebettom, the highly profitable indisputable global high-tech EV leader Tesla’s world-class EV sales and global auto market share continue rapidly soaring ever higher, as has always been true and will continue being true far into the distant future!
Tesla is done selling off. The stock will be in the 180s soon. As the futures turn strongly positive, Tesla will gap up tomorrow. Longs will be rewarded as Elon gets back at Tesla with a focus on exploding growth.
Sales matters, and TSLA is not selling cars. Not one auto dealer is selling more cars today than in Feb this year. Sales are struggling right now, so I see another price cut coming. Going to get ugly when it happens.
Tesla: For the good of the ecological environment, for the good of our Mother Earth, for the good of the world, for the good of all humanity.
Hertz will be 25% electric in 2 years. Only Tesla can supply this many vehicles. Love the partnership.
Tesla Best selling car in world it will go $300 by June
Tesla: The highly profitable indisputable global high-tech EV leader — 100% world-class EVs.
This always pumps right after a big fall. 167 is the new support looks like.