The reasons why Tesla’s stock moves are often disconnected from the company’s results or any real news, but yesterday our best guess is that the carmaker’s stock was electrified by videos of a dancing, humanoid robot. Tesla’s X account even reposted a video from @Tesla_Optimus and joked, “We’re a car company right”? We have to admit, watching the robot is pretty, pretty fun.
Tech stocks did the heavy lifting on Wednesday to prevent major downside across key indexes. The S&P 500 inched up 0.1% and the Nasdaq 100 rose 0.6% while the Russell 2000 dropped 0.9%. The S&P 500’s advance-decline line was firmly tilted to the downside, with the number of stocks falling outnumbering those that rose by 204.
