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📰 Market Headlines
US stocks surged Friday, with the Dow hitting a record high after strong jobs data eased recession fears.
The Dow rose 0.81%; S&P 500 gained 0.90%; Nasdaq jumped 1.22%.
Nonfarm payrolls surged by 254,000, nearly double expectations, with unemployment dropping to 4.1%.
Strong jobs data lowered expectations for aggressive Fed rate cuts, with only an 8% chance of a 50-basis-point cut at the Board’s next meeting.
The FAA authorized SpaceX's Falcon 9 for an October 7 mission from Cape Canaveral.
Amazon closed three more of its cashierless Go convenience stores in New York due to high lease costs, leaving only 17 stores across the US.
“It's a delusional daydream of Elon's that his engineering team will somehow make work. They keep getting updated and upgraded, it'll be fine, once they've gotten past the beta version.”
📈 Trends you need to know
Last week’s report screwed up the three-year trend.
🧠 What do you think?
Saw this today from Yishan, founder of Reddit.
Yishan @yishan
By tacking to the right, Elon is opening up a much much larger market than the liberal market that’s already been saturated for years.
If his goal was to accelerate the adoption of electric cars across ALL car buyers, abandoning the remaining liberal market to buy from follow-on… x.com/i/web/status/1…
Alan! (o2bnobx on Threads) @o2bnobx
Dear Tesla board members: I will never buy a @Tesla, solely because of their CEO. I’m their target demographic. I will buy another electric vehicle. You’re not complying with your fiduciary duty by allowing him to continue as CEO. Pass it on.
11:59 PM • Oct 6, 2024
167 Likes 3 Retweets
36 Replies
Is Elon playing 3D chess with Tesla's brand strategy?
