• April 29, 2024

US STOCKS-Wall St edges up as Tesla and Apple gain; Fed decision awaited

Wall Street's main indexes crept higher in volatile trading on Monday as shares of Tesla and Apple advanced, while investors exercised caution ahead of the Federal Reserve's interest rate decision later in the week. Tesla shares shot up nearly 14.5%, driving a 1.6% rise in the consumer discretionary sector, after the electric vehicle maker cleared some key regulatory hurdles that had long hindered the roll-out of its self-driving software in China, its second-largest market.

  • April 29, 2024

US STOCKS-Futures inch up as megacaps extend gains, Fed verdict on tap

U.S. stock index futures edged higher on Monday as Tesla and Apple led gains in megacap companies while markets awaited the Federal Reserve's interest rate decision later in the week. Tesla shares jumped 7.3% premarket after the electric vehicle maker cleared some key regulatory hurdles that have long hindered it from rolling out its self-driving software in China, the U.S. automaker's second-largest market. Apple added 1.7% after a report that the iPhone maker had renewed discussions with OpenAI about using the startup's generative artificial intelligence (AI) technology.