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Stock Market Today: Dow Up As Buffett Stock Tests Entry; Tesla Jumps On Musk Move (Live Coverage)
The Dow was firm and the Nasdaq gained. Tesla rose on the stock market today after an Elon Musk move. A Warren Buffett stock tested an entry.
Tesla disclosed that Musk purchased 2.6 million shares on Friday, worth roughly $1 billion. Investors saw the move as a strong vote of confidence in the company as it leans into autonomous technologies such as robotaxis and humanoid robots.
Wall Street rolled to more records after mixed data on the economy cemented expectations for coming cuts to interest rates.
Experts believe these five triggers may dominate Dalal Street next week — US Fed rate cut, Donald Trump's likely visit to India, India-US trade deal, India-EU trade deal, and FII trade pattern
Elon Musk responded to an unprecedented pay proposal from Tesla Inc.’s board by buying about $1 billion worth of shares, sending the stock soaring in premarket trading.
Elon Musk responded to an unprecedented pay proposal from Tesla Inc.’s board by buying about $1 billion worth of shares, sending the carmaker’s stock soaring into positive territory
The Nasdaq notched a record high close on Friday in a mixed trading session, lifted by Microsoft as investors looked ahead to the Federal Reserve's policy meeting next week, when it is widely expected to cut interest rates to counter a slowdown in the jobs market.