US OPEN: Tesla pulls Wall Street to the upside

3:43 PM 29 December 2022

Thursday's trading session on Wall Street brings gains in stock indexes. The mood is improved mainly by Tesla (TSLA.US) shares, which are gaining dynamically at the beginning of the session. 

A rate hike at the next Fed meeting in February 2023 is certain. The current probability distribution is as follows: a near 73.8% chance of a 25-point hike and a 26.2% chance of a 50-point hike. Source: CME

US index quotes. Source: xStation 5

Compiled charts of the US500 and VIX index on the D1 interval. The benchmark of the largest companies in the US is starting today's session higher. The VIX fear index is losing nearly 1.7% today. Source: xStation 5

News 

  • Tesla (TSLA.US) shares are trying for the second day in a row to regain ground after Tuesday's sell-off. At the start of the session, the company's shares are gaining nearly 5.0%. Apple (AAPL.US) shares are also trying to rebound, gaining more than 1%.

 

  • Values of Cal-Maine Foods (CALM.US) are losing nearly 5% following the release of worse-than-expected quarterly financial results.

 

  • Elevated volatility continues to dominate the shares of Southwest Airlines (LUV.US), which extends a streak of flight cancellations and delays. At the moment, the shares are attempting a slight rebound after recent sell-offs.

Price increases in Tesla (TSLA.US) shares are pulling other sectors of the economy higher. The beginning of the US session is marked by increases. Source: xStation 5

 

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