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Mixed on the US Stock Exchange – Tesla Increased

The New York stock exchange closed almost unchanged on Tuesday. Best went Nasdaq's composite index, which held itself slightly above zero.

» Updated: 16 July 2024, 14:12

» Published: 09 July 2024

Mixed on the US Stock Exchange – Tesla Increased
Photo: Peter Morgan/AP/TT

The New York stock exchange closed almost unchanged on Tuesday. Nasdaq's composite index performed the best, holding slightly above zero.

Tuesday's trading was sideways. Both the broad S&P 500 and Nasdaq's composite index set records on Tuesday - just like on Monday - but both fell slightly before closing. The S&P 500 was up almost 0.1 percent at the end of the trading day, while Nasdaq increased by slightly more than 0.1 percent.

The industrial-heavy Dow Jones fell by 0.1 percent.

US Federal Reserve Chairman Jerome Powell stated during the day in a speech that he sees risks in keeping interest rates high for too long. However, by the close, the statement had not led to any major market movements.

One of Tuesday's big winners was electric car giant Tesla, which rose by 3.7 percent. Mobile phone accessory manufacturer Corning followed up Monday's success - when the stock rose by 12 percent - with another strong trading day. By the close, the company was up 3.8 percent.

It went worse, among others, for restaurant chain Domino's Pizza, which fell by 4.5 percent.

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By TTThis article has been altered and translated by Sweden Herald

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