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Barchart
Rich Asplund

Stocks Recover as Tesla Rebounds and US Economic Reports Show Strength

The S&P 500 Index ($SPX) (SPY) today is up +0.27%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.02%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.30%.  June E-mini S&P futures (ESM25) are up +0.27%, and June E-mini Nasdaq futures (NQM25) are up +0.29%. 

Stock indexes today recovered from early losses and turned higher after some megacap technology stocks rebounded, and US economic news showed strength, tempering concerns about US trade policies.  Tesla is up more than +5%, and Amazon.com is up nearly +1%. Meanwhile, US Q4 GDP was revised higher, weekly US initial unemployment claims unexpectedly declined, and Feb pending home sales rose more than expected.

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