Tesla rallies, as Apple unveils new products hoping to wash off China news | MarketTalk: What’s up today? | Swissquote
Tesla jumped 10% yesterday and reversed morose mood due to the Apple-led selloff as Morgan Stanley raised its price target from $250 to $400 a share.
Tesla rally helped the S&P500 make a return above its 50-DMA, as Nasdaq 100 jumped more than 1%. Apple recorded a second day of steady trading after shedding almost $200bn in market value last week. Apple will unveil new products today hoping to change headlines.
Elsewhere, ARM IPO has been oversubscribed by 10 times already and bankers will stop taking orders by today. The promising demand could also encourage an upward revision to the...