Stock Market
Market Outlook
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The popular stock market averages closed to the downside on Thursday. The interest rate for 10-yr treasury notes closed higher. The prices closed up for gold and crude oil.
First quarter US gross domestic product growth was less than expected. Personal consumption expenditures rose more than expected.
The above mentioned news was not good; it shoved the stock market well down at the opening. But then there was steady buying for the rest of the session. That may indicate a bottom arrived that presented prices worth buying.
Tesla (TSLA +5.0%) added to Wednesday's 12% gain following late Tuesday's earnings release and conference call. Future guidance is being applauded, including the prospect of a more affordable car model next year. I own Tesla shares.
Adapt or perish, now as ever, is nature’s inexorable imperative. - H.G. Wells
First quarter US gross domestic product growth was less than expected. Personal consumption expenditures rose more than expected.
The above mentioned news was not good; it shoved the stock market well down at the opening. But then there was steady buying for the rest of the session. That may indicate a bottom arrived that presented prices worth buying.
Tesla (TSLA +5.0%) added to Wednesday's 12% gain following late Tuesday's earnings release and conference call. Future guidance is being applauded, including the prospect of a more affordable car model next year. I own Tesla shares.
Adapt or perish, now as ever, is nature’s inexorable imperative. - H.G. Wells