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Barchart
Rich Asplund

Stocks Post Modest Gains on Positive Corporate News

Elon Musk United States US Federal Reserve Blackstone Citigroup Ducommun JPMorgan Chase KeyBanc Capital Markets Paramount Global Tesla Inc.

The S&P 500 Index ($SPX) (SPY) this morning is up +0.26%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.36%. 

Stock indexes this morning are slightly higher. Some positive corporate news is boosting the overall market.  Tesla is up more than +4% after CEO Musk said the company will unveil its robotaxis on Aug 8. Also, Ducommun is up more than +17% after confirming the board of directors received an unsolicited non-binding indication from Albion River to buy all outstanding shares for $60 per share in cash.  In addition, property stocks and real estate investment trust stocks are climbing today after the Wall Street Journal reported that Blackstone offered to acquire AIR Communities for $10 billion or $39.12 per share. 

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