Wall Street rises from the start – E24

Tesla jumps 11 percent after rumors of China breakthrough – Wall Street rises from the start.

Friday was a good day for Wall Street, where all three main indexes ended with gains.

On Monday, it looks like this when trading opens in New York:

• The Dow Jones index is up 0.22 percent
• The technology index Nasdaq is up 0.03 percent
• The collective index S & P 500 is up 0.13 percent

Tesla rises sharply from the stock market opening and the stock is up 11 percent.

Bloomberg writes about rumors from China where Tesla is said to have secured important agreements for public approval of driving assistant systems in China.

Also read: The world is still on fire (+)

Interest rate meeting

Last week was characterized by results from many of the large technology companies.

Microsoft, Alphabet, Meta and Tesla all presented quarterly figures last week.

On Wednesday this week, the US central bank, the Fed, will hold an interest rate meeting, and there is great excitement about what central bank chief Jerome Powell will signal about interest rate cuts.

– At the start of the year, the whole picture was an expectation and belief in interest rate cuts in the USA. This also drove the stock market. Now it will be exciting to follow the Nonfarm figures coming this week. They will drive this further. I have faith in interest rate cuts in the US this year, said Chief Economist Jan Ludvig Andreassen at Eika Gruppen to E24 yesterday.

The jobs figures for the US, or nonfarm payrolls, are often referred to as the most important figure of the month.