US Stock market: Wall Street nears all-time high, Tesla share price soars

US stock market drifted closer to their all-time high on Tuesday as the wait continued to hear what will come of trade talks between the United States and China. The S&P 500 rose 0.5 per cent as talks between the world's two largest economies carried into a second day. The Dow Jones Industrial Average added 105 points, or 0.2 per cent, and the Nasdaq composite gained 0.6 per cent. S&P 500 rose 32.93 points to 6,038.81. The Dow Jones Industrial Average added 105.11 to 42,866.87, and the Nasdaq composite climbed 123.75 to 19,714.99.

On Wall Street, JM Smucker fell 15.6 per cent even though its results for the latest quarter topped analysts' expectations. Its revenue fell short of expectations, as did its forecast for profit in the upcoming year.

Tesla helped to make up for such losses after rising 5.7 per cent. The electric vehicle company has been recovering since tumbling last week as Elon Musk's relationship with Trump imploded. That raised fear about possible retaliation by the US government against Tesla.


Shares that trade in the United States of chipmaking giant Taiwan Semiconductor Manufacturing Co rose 2.6 per cent after the company known as TSMC said its revenue in May jumped nearly 40 per cent from the year earlier.

Casey's General Stores leaped 11.6 per cent after the chain of convenience stores based in Ankeny, Iowa, reported a stronger profit for the latest quarter than analysts expected. It credited strength in sales of hot sandwiches and other items.

FAQs

Q1. Which are key indexes of US Stock Market?
A1. US Stock Market's key indexes are -- S&P 500, Dow Jones, and Nasdaq.

Q2. How is Tesla performing in Wall Street?
A2. Tesla helped to make up for such losses after rising 5.7 per cent. The electric vehicle company has been recovering since tumbling last week as Elon Musk's relationship with Trump imploded. That raised fear about possible retaliation by the US government against Tesla.