Stocks Mixed as Manufacturing Expands, Tesla Raises Prices Despite Competition
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US stocks finished mixed on Monday, with the S&P 500 and Dow falling while the Nasdaq rose slightly. Treasury yields rose, with the 10-year hitting 4.32%.
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Manufacturing data showed expansion for the first time since September 2022, signaling economic strength. This could support the stock market rally.
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Oil and gas stocks hit 52-week highs as crude oil traded at its highest price since October. Gold also touched new record highs.
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Tesla raised prices in the US and China even as rivals cut prices and offer incentives. The move drove Tesla shares down 2%.
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A regulatory filing revealed heavy losses and risks for Trump Media, parent of Truth Social. The stock sank 22% amid the $60 million loss and Trump ties.