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Stock Market Today: Dow looks for momentum as Tesla stock drives Nasdaq [MarketWatch]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
billion in assets as of March, has moved to a slightly underweight position on equities on the view that a U.S. recession is on the horizon. Inflation is the “sticking” point that stands in the way of a soft landing, according to Chief Investment Officer Brent Schutte. A tight labor market is creating a stickier inflationary backdrop and Schutte expects this will lead the Fed to keep interest rates higher for longer, increasing the risk of an economic downturn. Wednesday afternoon's sale of $70 billion in 5-year Treasury notes was met with good demand from non-dealers. The auction was "solid" with both direct and indirect bidders taking above-average portions, according to BMO Capital Markets strategist Vail Hartman. Wednesday's sale came one day after Treasury's $69 billion auction of 2-year notes also received solid non-dealer bidding. Treasury yields remained broadly higher on the day soon after the results came in, with the 5-year yield trading around 4.33% After all t
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