On Tuesday, Wall Street trading remained relatively flat after a bullish day on Monday. The S&P 500 index opened with a slight decrease of 0.1 percent, while the Nasdaq technology index saw a modest increase of 0.1 percent. Meanwhile, the Dow Jones opened with a small rise of 0.1 percent.
One of the world’s largest companies by market value, electric car manufacturer Tesla, experienced an impressive six percent increase in its stock on Monday. This surge was driven by investors taking advantage of the company’s second quarter sales figures that were released before Tuesday’s trading session began. During the second quarter, Tesla exceeded analyst expectations by selling a total of 440,000 cars when estimates were at 436,000. This news led to a positive start to Tuesday’s trading day with a 5.5 percent increase in Tesla’s stock price.
In pre-trading activity before the stock market opened, traditional media company Paramount Global saw more than a three percent increase in its share price. It was reported that Paramount Global is currently in negotiations for a potential merger with Warner Bros. Discovery, which could be a significant move in the streaming service industry. Paramount Global’s class B share opened Tuesday’s trading day with a 3.6 percent increase.
Looking ahead, Wednesday will see numerous economic figures from Europe being released, which could have an impact on global markets and investors worldwide
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