{"id":1419,"date":"2024-07-12T11:30:10","date_gmt":"2024-07-12T18:30:10","guid":{"rendered":"https:\/\/gentercapitalmanagement.com\/?p=1419"},"modified":"2024-07-18T12:38:07","modified_gmt":"2024-07-18T19:38:07","slug":"wall-street-indexes-end-higher-helped-by-tesla-megacap-growth-stocks","status":"publish","type":"post","link":"https:\/\/gentercapitalmanagement.com\/wall-street-indexes-end-higher-helped-by-tesla-megacap-growth-stocks\/","title":{"rendered":"Wall Street indexes end higher, helped by Tesla, megacap growth stocks"},"content":{"rendered":"\n<figure class=\"wp-block-video\"><video controls src=\"https:\/\/gentercapitalmanagement.com\/wp-content\/uploads\/2024\/07\/Reuters-full-video1.mp4\"><\/video><\/figure>\n\n\n<p><strong>Summary<\/strong>:<\/p>\n<ul>\n<li>Tesla soars after Q2 delivery data<\/li>\n<li>Paramount Global gains on possible IAC bid<\/li>\n<li>Fed Chair Powell says risks becoming more balanced<\/li>\n<li>US job openings rise in May<\/li>\n<li>Indexes up; Dow 0.41%, S&amp;P 0.62%, Nasdaq 0.84%<\/li>\n<\/ul>\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-0\">Wall Street&#8217;s main stock indexes closed higher on July 2nd, boosted by gains in Tesla (TSLA.O) and megacap growth stocks, but volumes were thin ahead of the July Fourth holiday and the closely watched release of June nonfarm payrolls on Friday.<\/div>\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-1\">The U.S. job openings and labor turnover survey, or JOLTS, showed job openings increased in May after posting outsized declines in the prior two months, but layoffs picked up amid slowing economic activity.<\/div>\n<div data-testid=\"paragraph-1\">\u00a0<\/div>\n<div class=\"text__text__1FZLe text__dark-grey__3Ml43 text__regular__2N1Xr text__small__1kGq2 body__full_width__ekUdw body__small_body__2vQyf article-body__paragraph__2-BtD\" data-testid=\"paragraph-7\">&#8220;What the Fed really wants to see is a further click up in unemployment and then a slowdown with regards to new job creation,&#8221; said Genter Capital Management CEO Dan Genter, who added that the recent moderation in inflation could be a green light for the Fed to start considering rate cuts.<\/div>\n<div data-testid=\"paragraph-7\">\u00a0<\/div>\n<div data-testid=\"paragraph-7\">Read more on <a href=\"https:\/\/www.reuters.com\/markets\/us\/futures-drop-megacaps-retreat-ahead-key-jobs-data-2024-07-02\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>.<\/div>\n<figure class=\"article-image__figure__3SBJc article-body__element__2p5pI article-body__img__1AZS2\" data-testid=\"image-0\">\n<div class=\"article-image__image__31ytm\" data-testid=\"Image\">\u00a0<\/div>\n<\/figure>","protected":false},"excerpt":{"rendered":"<p>Summary: Tesla soars after Q2 delivery data Paramount Global gains on possible IAC bid Fed Chair Powell says risks becoming more balanced US job openings rise in May Indexes up; Dow 0.41%, S&amp;P 0.62%, Nasdaq 0.84% Wall Street&#8217;s main stock indexes closed higher on July 2nd, boosted by gains in Tesla (TSLA.O) and megacap growth &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"https:\/\/gentercapitalmanagement.com\/wall-street-indexes-end-higher-helped-by-tesla-megacap-growth-stocks\/\"> <span class=\"screen-reader-text\">Wall Street indexes end higher, helped by Tesla, megacap growth stocks<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","footnotes":""},"categories":[19],"tags":[],"class_list":["post-1419","post","type-post","status-publish","format-standard","hentry","category-written-articles"],"_links":{"self":[{"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/posts\/1419"}],"collection":[{"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/comments?post=1419"}],"version-history":[{"count":0,"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/posts\/1419\/revisions"}],"wp:attachment":[{"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/media?parent=1419"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/categories?post=1419"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gentercapitalmanagement.com\/wp-json\/wp\/v2\/tags?post=1419"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}