Stock Market Winners & Losers: S&P 500 Bounces After 3 Days of Losses | Tesla Shares Jump on Musk’s Prediction of 20% Vehicle Growth | The 2024 World Series is the Most Expensive Ever
The S&P 500 rose on Thursday, snapping a three-day losing streak, fueled by strong earnings from Tesla and other companies. So far, over 32% of S&P 500 companies have reported earnings, with 76% surpassing analyst expectations. Tesla’s earnings beat estimates with an 8% revenue increase to $25.18 billion and net income rising to $2.17 billion. Its energy generation and storage segment saw a 52% jump in revenue, while the Cybertruck became the third-best-selling EV in the U.S. Boeing shares, however, slipped more than 2% after machinists rejected a new labor contract.
In sports, the Yankees and Dodgers are set to face off in what could be the most expensive World Series ever. Ticket prices are sky-high, with Game 3 at Yankee Stadium selling standing-room tickets for $1,514 and average resale tickets for Game 1 at Dodger Stadium hitting $1,731. This World Series is already StubHub’s best-selling event in 24 years, partly driven by the interest of Ohtani fans from Japan. The historic matchup between the two franchises, who have combined for 63 World Series appearances and 34 championships, is set to draw record TV audiences.
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