Tesla’s stock surged Wednesday after Cathie Wood’s Ark Invest said it should rocket more than 15-fold in five years as the electric-vehicle maker evolves into a more profitable robotaxi company.
The Federal Reserve is seen as likely to pencil in two cuts over its last four meetings this year, which would keep the door open for a September move.
The S&P 500 and Nasdaq Composite marched to record highs on Tuesday — their 27th and 15th of 2024, respectively. But beneath the surface, signs of weakness proliferated.