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Manufacturing Decline

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Stock Market Closes Early, Tesla and EV Rivals Soar on Record Deliveries

Originally Published 2 years ago — by Investor's Business Daily

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Source: Investor's Business Daily

The Dow Jones Industrial Average closed unchanged in a shortened trading session ahead of the July 4 holiday. The S&P 500 rose slightly, while the Nasdaq led with a 0.2% gain. Tesla and other electric vehicle (EV) rivals soared after reporting record deliveries in the second quarter. Tesla delivered 466,140 vehicles, beating estimates, and its shares are approaching a 52-week high. Meanwhile, manufacturing declined for the second month, and AstraZeneca fell after mixed results from a Phase III trial.