"Tesla Leads Bullish Stock Market Rally as Job Openings Plummet"
TL;DR Summary
The stock market rally gained momentum on Tuesday as job openings fell more than expected, pushing all major indexes above their 50-day moving averages. Growth stocks, led by Tesla, Nvidia, and Google parent Alphabet, surged on lower Treasury yields and reduced odds of a Fed rate hike. Chinese stocks PDD Holdings and Li Auto also saw significant gains. Bitcoin and bitcoin-related stocks soared after a federal appeals court ruled in favor of Grayscale, allowing its Bitcoin Trust to become an actual Bitcoin ETF. Dow Jones futures rose slightly on Wednesday.
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- S&P 500 ends sharply higher, jobs data fuels interest rate optimism Reuters
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- Stocks rise after job openings fall to lowest since March 2021: Stock market news today Yahoo Finance
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