Stock market rally continues, Nasdaq hits record high; Tesla, bank stocks surge

From Investor’s Business Daily: 2024-07-02 21:43:12

The stock market rally continued with record closes for the S&P 500 and Nasdaq on Tuesday. Tesla surged on strong deliveries, leading bank stocks like Goldman Sachs and JPMorgan to make positive gains. Economic data is expected Wednesday while Dow Jones futures edge lower. Some Democratic members are suggesting Biden drop out, affecting the odds for Harris and Trump. Energy stocks like Diamondback Energy and Weatherford are near buy points, while Tesla stock extended its run. Bank stocks like JPMorgan and Goldman Sachs are strong as Trump’s odds lift Treasury yields. Investors are advised to stay engaged with the market.



Read more at Investor’s Business Daily: Dow Jones Futures: Tesla Drives Nasdaq Above 18,000; These 6 Stocks Are Getting A Trump Bump