Location & Language

Zenfinex Global Limited regulated by the Financial Services Authority (FSA) of Seychelles (SD092)

Stocks Surge on Tesla Gains, Anticipation Builds for Earnings and Fed Meeting

By Camilo Botia,

Stocks experienced a positive Monday, propelled by Tesla’s upward momentum, as market participants anticipate a significant week packed with corporate earnings reports and a Federal Reserve meeting.

• The S&P 500 saw a 0.32% increase, ending at 5,115.34.

• The Nasdaq Composite experienced a 0.35% growth, closing at 17,785.55.

• The Dow Jones Industrial Average added 146.43 points (0.38%) to conclude at 38,374.29.

Tesla stock soared by over 15%, bolstering the broader market after successfully navigating a significant regulatory obstacle for its full self-driving technology rollout in China. Apple also witnessed a considerable climb of around 2.5% following an optimistic upgrade by the investment firm Bernstein. However, some moderation occurred due to losses experienced by Big Tech names like Microsoft, Alphabet, and Meta.

Domino’s Pizza surged by over 5% after delivering earnings that surpassed analysts’ projections on Monday morning. Investors await quarterly financials from significant players such as Apple, McDonald’s, Coca-Cola, and Amazon this week. These releases arrive amidst a robust earnings season, with roughly 80% of the S&P 500 companies announcing results beating expectations.

Despite Monday’s positive movement, the Dow faces a potential decline of over 3.5% by the end of April. Similarly, the S&P 500 and Nasdaq Composite could see a monthly drop of more than 2% as trading concludes on Tuesday.

Some analysts believe we are still in the pullback phase but don’t expect a change to a bearish market. On Wednesday, all eyes will be on the Federal Reserve’s latest interest rate announcement. While no change in borrowing costs is broadly expected, investors will attentively follow Chair Jerome Powell’s post-announcement press conference.

The Dow is trading close to the weekly resistance of 38,455.16, which coincides with its 50-day moving average. The index has been in a sideways phase since April 11 between this resistance and the 37,786.87 support (next to its 100-day moving average). The RSI indicator confirms the sideways movement. The next significant resistance for the index is at 39,285.17, and the next support is at the 100-day moving average of 37.786.87.

Back

Popular Posts

DAX Index Hits Record Highs: Gains Defy Economic Reality

Strong Rally in Palladium Prices Supported by Market Fundamentals and Technical Indicators

Sharp Decline in NZD/USD to Lowest Level Since April 2025

Overview of Last Week’s Key Economic Events

Here are some related articles you may find interesting:

Market Insights​

October 16, 2025

DAX Index Hits Record Highs: Gains Defy Economic Reality

Recent German economic data continues to show signs of weakness in the country’s economy, as evidenced by the following indicators: The German ZEW Current Economic...

Market Insights​

October 15, 2025

Strong Rally in Palladium Prices Supported by Market Fundamentals and...

Palladium prices continue their upward trend, having reached $1,597 today — the highest level since May 11, 2023 — and are currently trading near the...

Market Insights​

October 14, 2025

Sharp Decline in NZD/USD to Lowest Level Since April 2025

The Reserve Bank of New Zealand (RBNZ) decided last week to cut interest rates by 50 basis points, contrary to expectations of a 25-basis point...

Market Insights​

October 13, 2025

Overview of Last Week’s Key Economic Events

Last week featured a range of important global economic developments. The minutes from the U.S. Federal Reserve meeting revealed that the majority of members expect...

Ready to Elevate Your Trading Journey?

Open a Taurex account and start trading today.

Live account Registration

1 Hour Trading Consultation

This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.