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Tesla drives Nasdaq recovery as markets await Nvidia earnings report
Tesla"s 5.6% surge helped the Nasdaq end a four-day losing streak, while the S&P 500 rose 0.4%. In contrast, Nvidia"s shares fell 1.3% due to overheating issues with its new chips, impacting the S&P and Nasdaq negatively. Meanwhile, Super Micro Computer"s stock soared 16% after announcing compliance measures with Nasdaq.
Tesla boosts markets as Nvidia faces challenges ahead of earnings report
Tesla shares surged 5.6% following reports of a federal framework for self-driving vehicle regulation, offsetting Nvidia"s 1.3% decline due to overheating issues with its new chips. The S&P 500 rose 0.4%, while the Nasdaq Composite gained 0.6%, marking a rebound after recent losses. Super Micro Computer"s stock soared 16% as it sought Nasdaq compliance, reflecting a broader positive sentiment in the market despite some headwinds.
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