Apple and Tesla boost stocks in pre-holiday trading

The stock market experienced gains, driven by strong performances from Apple and Tesla. Despite light pre-holiday trading, the Dow, S&P 500, and Nasdaq all saw positive movement. Investors are eagerly awaiting more labour market data to gain insights into the interest rate outlook.

Apple’s stock rose by 2.9%, Microsoft saw a 2% increase, and Amazon ended 2.2% higher. These movements helped the tech-heavy Nasdaq close on a higher note. Tesla shares surged by 6.1% ahead of the second-quarter vehicle delivery data. There are still concerns about slowing growth in deliveries and potential price cuts, which could affect the stock’s future performance.

Find out more about Apple and Tesla stocks movement data here.