New York Stocks Outlook: Dow stalls – Tesla and chip stocks drive Nasdaq

NEW YORK (dpa-AFX) – The recent recovery of the Dow Jones Industrial Average may take a break on the American stock market on Wednesday. The leading index, which had recently risen for four days in a row, was valued at around 38,500 points by the agency IG around an hour before the alarm started, almost unchanged from the end of the previous day.

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Apply here… On the other hand, price gains from Tesla and in the semiconductor industry could cause the Nasdaq 100 to continue to rise. The technology-heavy index is expected to increase by 0.7 percent to less than 17,600 points.

Tesla shares rose 12 percent in premarket trading. Analyst Tom Narayan from RBC Bank says that the electric car manufacturer wants to bring low-cost models to the market not in the second half of 2025, but in the first half of the year or even this year. That is the “story of the day”. This will “more or less put to rest” concerns that there may be no growth for years to come.

At chip maker Texas Instruments, the quarterly balance sheet was better than expected given the nervous market environment, wrote analyst Stacy Rasgon from Bernstein Research. Shares of Texas Instruments rose 7 percent, lifting other industry stocks such as AMD, Micron and Nvidia higher.

At Boeing, cash flow in the first quarter was not as high as feared. The share rose a healthy 3 percent before the trading session. After a never-ending series of failures, the planemaker’s balance sheet is increasingly a priority for investors.

AT&T got about 4 percent of the initial market. The telecom provider had good customer numbers in the first quarter. The bonds of its rival T-Mobile US, on the other hand, fell slightly./bek/mis

Source: dpa-AFX