Wall Street soars to new records as banks rally [Fortune]
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Source: Fortune
U.S.: Tesla keeps Nasdaq in check while Dow and S&P set records The S&P 500 set another new record, its second this week, climbing 0.61% Friday on positive earnings and producer price index data. Same goes for the Dow Jones Industrial Average, which climbed 0.97% to close at another all-time high. Meanwhile, the tech-heavy Nasdaq had to contend with Tesla shares tumbling after the launch of the Cybercab. Europe: U.S. data has ripple effect, sending stocks up European stocks hovered early Friday but closed up, with the UK's FTSE 100 climbing 0.19% and the STOXX Europe 600 at 0.55% on positive earnings reports from big banks on Wall Street. The markets had a lot to digest Friday, including a stimulus briefing planned in Beijing and France's new draft budget. China: Shares slip ahead of stimulus briefing A day after China shares rebounded on stimulus optimism, Shanghai's SSE Composite slid 2.5%. Markets are cautious ahead of Beijing's Saturday briefing , at which investors are
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