Stocks rise towards more records, helped by Elon Musk’s purchase of $1 billion worth of Tesla shares

The S&P 500 increased by 0.4 % and was on the right path to top its last level ever, which was appointed last week. The Dow Jones industrial average increased 33 points, or 0.1 %, as of 1:54 pm Each time, and the Nasdaq compound added 0.8 % to its own record.

Tesla helped drive the road and rose 5.3 % after Elon Musk bought approximately one billion dollars with confidence. The price of the electric vehicle company shares per day with a slight loss for this year so far, and the purchase may be a sign of the belief of musk.

This helped to overcome an early decline in NVIDIA after China accused the chips company of violating its anti -laws. The Chinese organizers did not mention the NVIDIA penalty in a statement of one patients in this regard, but they said that they would “make more investigations.” The arrow fell by more than 1 % in early trading, but has since recovered to the near tie.

The main event of the market will arrive on Wednesday. And that is when the Federal Reserve announces its latest decision on interest rates and unanimity expectations for the first time in the year. Such a step can give the start -up process to start the labor market, which was slowing down.

The shares have already been run into records on the assumption that the reduction will come on Wednesday. Expectations are also high because the Federal Reserve will continue to reduce rates during the end of this year until 2026. This creates the possibility of disappointment in the market, which means decrease in stock prices, if the Federal Reserve does not end with reduction rates as much as traders expect.

For this reason, it will be more attention to what Federal Reserve Chairman Jerome Powell says at his press conference after the decision more than the same decision. Federal Reserve officials will also export their latest expectations for the place where they see interest rates and economics in the coming years, which may provide another possible flash point.

What keeps the celebration of guarding is a potential leap in inflation due to President Donald Trump’s tariff. This is because low interest rates can give inflation more fuel and send it up. Inflation has so far made it difficult to obtain the goal of the Federal Reserve by 2 %.

Another threat to Wall Street is if the labor market slows down. In this case, the resulting recession can create a contraction in the profits of companies that are large enough to prove the benefits that low interest rates in the short term.

Trump, at the same time, was angry to make more cuts to interest rates. He often attacked Powell personally, as he intended “very late”, as he pressed to remove a federal reserve rule from his board of directors.

“He must reduce” very late “interest rates now, and more than he was on his mind.

In Wall Street, the TKO group increased by 2.5 % after the owner of the UFC Minive-Martial Arts and other entertainment brands announced a plan compared to one billion dollars of its shares purchases. Such movements are sent directly to shareholders and can enhance results for each post.

Intel increased by 3.4 % after triming expenses for expenses this year. This step came after completing the sale of a 51 % stake in the Silver Lake Investment Company.

On the losing side of the Wall Street was Hin -Heaven, who decreased by 26.5 % after reporting a greater loss of her last quarter of what it was a year ago. The temporary CEO Alison Lewis said that the owner of the brands “is better for Liu” like Terra Chips making stability in sales “because we realize that our performance did not meet expectations.”

The Alaska Air Group lost 5.8 % after the airline said that the high fuel costs during the summer will likely lead to the appearance of its results in the third quarter at the low end of its expected scope. He also pointed to higher expenses to pay the additional work and to compensate the travelers after bad weather and the air traffic that led to difficult operations, although it witnessed strong travel trends thanks to the demand for distinguished seats.

In the bond market, the revenues of the Treasury reduced, and continued to operate its declining expectations to reduce prices by the Federal Reserve.

The latest frustrating data on the economy came on Monday from a report that shows that manufacturing activity in New York State is shrinking, contrary to economists’ expectations for continuous growth. It is the first month of contraction since June.

The next large economic update will arrive on Tuesday, when the United States government will say the amount of shoppers who have spent in retail dealers in the United States last month.

The return on the cabinet decreased for 10 years to 4.04 % from 4.06 % late Friday.

In stock markets abroad, CAC 40 from France increased by 0.9 %, while indexes moved more modest through the rest of Europe and Asia.

The AP Yuri Kageyama, Matt OTT and Ken Moritsugu’s book contributed.

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