Stock Market Gains in Shortened Session, EV Stocks Rally

U.S. stocks closed marginally higher in a shortened trading session ahead of the Independence Day holiday, with the Nasdaq Composite up 0.21%, the S&P 500 up 0.12%, and the Dow up 0.03%. Electric vehicle (EV) stocks were in focus after Tesla set a quarterly deliveries record. Treasury yields rose after weak economic data on manufacturing. The EV sector saw buying interest, with Tesla, Rivian, and Li Auto all experiencing gains. Market sentiment remains bullish, but investors are advised to focus on capital preservation as the effects of the Fed's monetary policy tightening are yet to be fully reflected.