Fairlead Strategies founder and managing partner Katie Stockton provides insight into today’s markets.
U.S. equity markets traded mixed on Wednesday, a day after snapping their losing streaks.
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The Dow Jones Industrial Average gained 141 points, or 0.52%, in the opening minutes of trading while the S&P 500 was higher by 0.12%. The Nasdaq Composite, meanwhile, was off 0.2%.
The Dow on Tuesday snapped its three-day skid as the S&P and Nasdaq ended their losing streaks at four days.
Looking at stocks, Tesla Inc.’s Battery Day event failed to deliver the 1 million-mile battery that Wall Street analysts were expecting. The headlines were instead a new battery pack that will reduce kilowatt-hour costs