US stocks rose ahead of the Independence Day holiday, despite warnings about cooling growth and data showing a slowdown in manufacturing activity.
The Standard & Poor’s 500 index rose by 0.1%, led by Tesla shares, after a short trading session in New York.
Tesla shares rose by 6.9% after it announced record quarterly sales, helping to boost the shares of its competitors and battery suppliers.
The “Nasdaq 100” index rose by 0.2%, holding on to its gains after recording the best performance in the first half of the year in its history.
Investors are softening their expectations for the performance of stocks in the second half of the year after strong gains so far, and although central bank officials stuck to their hawkish rhetoric, signs of a moderation in the level of inflation in the United States contributed to significant gains in technology stocks.
“If the economic crisis does not materialize and political crises can be avoided, the inflation rate may fall to the level of 3% before resuming its rise, and this may mean an additional increase in interest rates.” According to Jim Bianco, president and founder of the research company “Bianco Research,”
