In a swift market rebound, US stocks showed resilience as tech giants led the charge. Tesla, in particular, surged by 12% after announcing plans to accelerate the launch of new electric vehicle models, including more affordable options expected by the second half of 2025. This announcement overshadowed concerns about Tesla's recent underwhelming first-quarter earnings and uncertainties surrounding its ambitious ventures into robotaxis and full self-driving capabilities.
Investor sentiment remains buoyant as attention now shifts to other tech heavyweights set to unveil their earnings. Meta Platforms, Microsoft, and Alphabet are among the key players expected to report, with the broader tech sector eagerly anticipating their performance. Meanwhile, beyond the tech realm, a flurry of quarterly earnings reports from various companies signals an acceleration in the pace of Q1 earnings season, further fueling market activity and optimism.
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