Tech Stocks Rebound, Tesla Marks Best 1-Day Gain Since March 2021, Gold Rises As Treasury Yields Ease: What's Driving Markets Thursday?

Quick Summary:

The consumer discretionary sector led gains, heavily influenced by Tesla's stellar performance.The U.S.dollar softened slightly, and Treasury yields edged lower, easing pressure on gold.

Tech stocks outperformed on Thursday, driven by Tesla Inc.(NASDAQ:TSLA), which skyrocketed 18% in midday trading following stronger-than-expected quarterly financial results.

Despite Tesla’s spectacular rally, broader market sentiment remained cautious, reflecting recent trends of subdued risk appetite.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: RES TMUS IWM LRCX US81369Y1001 US6516391066 Sector ETFs GLD NDAQ VLO DOW US9078181081 US2605431038 Tech US4592001014 UNP US9113121068 US5128071082 Pro Project CBRE Large Cap US4385161066 US4642876555 KKR URI EVs ETFs US73935A1043 TSLA CARR EW NOW US8725901040 US9113631090 US2435371073 US6311031081 DIA US78462F1030 Benzinga $BTC Equities XLY US48248M1027 UPS SPY RJF Consumer Tech US7547301090 US0970231058 US03076C1062 US2521311074 XLRE Mid Cap IBM US8447411088 HON AMP US14040H1059 SPGI US7496601060 US78463V1070 Broad U.S. Equity ETFs Electric vehicles Econ #s Small Cap US5178341070 Top Stories Stories That Matter LUV US91913Y1001 US28176E1082 QQQ US78467X1090 DECK LVS NEM US88160R1014 XLB US81369Y4070 DXCM BA COF

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-24 @ 17:00:53 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 317 words

Reading Time: 2 minutes read

Sentences: 22 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 23228699

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