Apple, Tesla lifts stocks to higher close in light pre-holiday trading

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NEW YORK - Megacap growth stocks led by Apple and Tesla lifted the tech-heavy Nasdaq to a higher close on July 1, while the Dow and the S&P 500 also eked out slight gains in light pre-holiday trading.

Wells Fargo added Tesla stock to its third-quarter “Tactical Ideas list” yet kept its “underweight” rating and expressed concerns about slowing growth in deliveries and a risk of price cuts.

On Friday, the Nasdaq and the S&P 500 notched their third straight quarterly gains, with the tech-heavy index doing so for the first time in three years.

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Category: EconomyBusiness

Markets: Singapore

Topics: Week Highs Interest Market Growth Nasdaq Shares Cent Data Dropped Index

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-02 @ 05:18:42 (4 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 787 words

Reading Time: 5 minutes read

Sentences: 34 lines

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News ID: 21452346

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