On Monday, the S&P 500 rose, led by Tesla and Apple, amid earnings season and ahead of the next Federal Reserve meeting. Tesla's stock surged 15% following approval from Beijing for its driver assistance software, which analysts believe will drive growth despite challenges in China. Domino's Pizza also rose 5% due to better-than-expected sales. However, SoFi Technologies stock fell over 10% due to a disappointing second-quarter forecast. Apple gained over 2% after an upgrade from Bernstein. Investors expect the Federal Reserve to maintain interest rates, but they're watching for any hints of a tougher stance from Fed Chairman Jerome Powell.
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Edited 30 Apr 2024, 16:12
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