Wall St indices end higher on Tesla and megacap stocks

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The Star 2d ago

Wall St indices end higher on Tesla and megacap stocks - The Star

Quick Summary:

Wall Street's main stock indices closed higher on Tuesday, boosted by gains in Tesla and megacap growth stocks, but volumes were thin ahead of the July Fourth holiday and the closely watched release of June nonfarm payrolls on Friday.

The US listing of Novo Nordisk fell almost 1.7%, after US President Joe Biden and Senator Bernie Sanders called on the Danish drugmaker to cut prices of its Ozempic and Wegovy drugs.

Tesla surged to its highest level since the start of January after the EV maker reported a smaller-than-expected 5% drop in vehicle deliveries in the second quarter.