Posted 12/27/2023, 6:45:00 PM
Stocks Inch Higher as Tesla Rallies Further; Other Tech Giants Near Buy Zones
- Major stock indexes edged higher as investors assessed negative manufacturing data and Tesla extended its recent rally.
- Tesla stock moved further above a buy point, putting it firmly in a buy zone, after refreshing its popular Model Y EV.
- Other tech giants like Apple, Microsoft, and Meta Platforms traded in or near buy zones.
- Biotech Amphastar Pharmaceuticals and software firm Samsara remained in buy zones amid recent market volatility.
- T-Mobile shares rose as SoftBank reportedly called for the mobile carrier to issue it more shares based on conditions of their 2020 merger.