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- April 29th Stock Market Update - Tesla jumps 15% on getting approval to rollout FSD in China
April 29th Stock Market Update - Tesla jumps 15% on getting approval to rollout FSD in China
$IT $NEVI $HUBS
Mukund Mohan
April 29, 2024
Market
“Tesla shares went up 15% today on news that Elon’s visit to China resulted in an approval by Chinese officials to remove FSD restrictions after passing the company’s data restrictions.” 😊 😋
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Good green day for the markets, the trend is back to good risk on for upside
Unless the two very important earnings this week - Apple and Amazon disappoint, we seem to be on an uptrend, with less risk from geopolitical news and also the markets assuming no rates cuts for the year. GDP at 1.6% is concerning, however.
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Not a bad day for technology, but consumer discretionary going higher is a good sign
Tesla and Apple drove most of the gains in technology and NASDAQ, but a very good day overall except for Google giving back some of its gains.
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Video of the day
Today’s video is on HubSpot, $HUBS the SaaS Inbound marketing company, that is moving towards a complete CRM Platform.
