S&P 500 Recovers as Supermicro and Tesla Stocks Rebound

Reported 3 days ago

On January 3, 2025, the S&P 500 index rose 1.3%, marking a recovery after five consecutive days of losses, driven by strong performances from Super Micro Computer, which bounced back 10.9% following accounting concerns, and Tesla, whose shares climbed 8.2% due to record sales in China despite previous delivery shortfalls. The Nasdaq and Dow also saw gains, while Dollar Tree's shares fell 4.1% amid concerns over its new delivery strategy and profit margins. Concerns about alcohol consumption's health risks affected beverage stocks, with Molson Coors experiencing a drop.

Source: YAHOO

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