Stock Market Hits Record Highs, Tesla Tumbles, Netflix Soars: This Week In The Markets
This week, the three major U.S. stock market indices jointly reached new record highs, driven by investors’ enthusiasm for AI-related investments and expectations for upcoming Fed rate cuts.
The U.S. economy continues to exceed growth expectations, driven by strong spending, and as inflation eases, this creates a welcome scenario for stock investors.
It was a stellar week for Netflix Inc. (NASDAQ:NFLX), with the streaming giant achieving its best weekly performance in over a year. On the flipside, it was a tumultuous week for Tesla Inc. (NASDAQ:TSLA), as disappointing quarterly data led to a negative streak of six consecutive weeks in the red for the electric vehicle stock for the first time since 2016.
Here’s a …
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