Pre-Market Report – Wednesday 24 April: US Markets Rally Hard | Tesla Hits the Spot
Wall Street ended higher overnight, near best levels, building on the positive momentum from yesterday's session as gains in mega-cap tech stocks lifted the broader market. Dow up 264 points (+0.69%), S&P 500 +1.20%, and NASDAQ +1.59%. Treasurys eased a touch following a solid $69bn sale of 2Y notes, and economic data showed US business activity cooled in April to a four-month low. Tesla 1.9% kicked off the earnings cycle for heavy-weight tech stocks, rising 10.68% in after-hours after announcing it would accelerate the launch of more affordable models, and United Parcel Service +2.41% (an economic barometer) beat profit expectations.
ASX to rise. SPI Futures up 27 points (+0.35%).
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