The Federal Reserve’s recent reticence to keep up the pace of interest-rate cuts was backed by Friday’s strong labor report that sent the stock market tumbling and yields higher. That throws cold water on investor hopes for a repeat of last year’s stock performance, which saw bank leaders climb 33%, outperforming the broader S&P 500.
Tesla shares jump 4% as investors discount EV maker’s lower than estimated Q2 deliveries
Tesla shares saw an increase despite lower-than-expected deliveries. Nearly 12 crore shares changed hands. This happened amid tensions between Elon Musk and US President Donald