Market Rally Back On as Trump Spending Bill Squeezes Through. How Tariff Talks Could Derail Stocks.
The market rally was set to resume after a tech-driven stumble but tariff talks and coming Tesla deliveries were keeping investors on edge.
U.S. stock futures were rising across the three main indexes. Dow Jones Industrial Average futures were up 142 points, or 0.3%. S&P 500 futures were rising 0.3% and Nasdaq 100 futures were climbing 0.1%. The S&P 500 and Nasdaq fell back from record highs on Tuesday, hit by a fall in technology stocks as Tesla dropped more than 5%.
Tesla will continue to be in focus as the electric-vehicle company’s investors fret about the continuing feud between Elon Musk and President Donald Trump over the former’s attacks on the president’s tax-and-spending bill. The legislation was passed by the Senate on Tuesday by a vote of 51-50, with Vice President JD Vance casting the tie-breaking vote.
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