Market indices closed higher with strong performances from Tesla, Paramount Global, and NXP Semiconductor

From Nasdaq: 2024-04-29 18:10:00

Market indices closed higher, with the Dow up +0.38%, S&P 500 +0.32%, Nasdaq +0.35%, and Russell 2000 +0.67%. Tesla surged 15% on expansion plans for autonomous technology. Paramount Global reported earnings beating estimates and a CEO change. NXP Semiconductor beat earnings and revenue estimates, with shares up +5% after hours. Yum China surpassed earnings expectations and saw strong revenue growth.

Tomorrow brings busy Q1 earnings reports from Coca-Cola, Eli Lilly, McDonald’s, Amazon, AMD, and Starbucks. Economic data includes the Employment Cost Index, Consumer Confidence, and Case-Shiller home prices. The markets are expected to stay buoyant amid these updates. Tesla’s strong performance today is a positive sign for investors.

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Read more at Nasdaq: Markets Up on Tesla, Q1 Earnings; Q1 Beats After the Bell