Strong Demand Electrifies Tesla Stock

The ISM services index jumped to a record 63.7% in March

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Schaeffer's Market Recap
4/05/2021
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Blue-Chip Index Hits Record Close Alongside SPX on Jobs Data


By: Laura McCandless

Stocks started the week out strong, with the Dow and S&P 500 both nabbing fresh closing highs. The Nasdaq finished firmly in the black as well. Plenty of upbeat economic data boosted the market today, with nonfarm payrolls increasing by 916,000 in March, while the unemployment rate fell 6%. Bond yields also continued to ease, with the 10-year Treasury yield dropping after the ISM services index jumped to a record 63.7% in March -- pointing to recovery in restaurants and hotels. Finally, U.S. President Joe Biden's infrastructure plan was front and center, facing opposition from Republicans, while Treasury Secretary Janet Yellen called for a global minimum corporate tax to keep companies from relocating.  

Continue reading for more on today's market, including:

  • Pinterest stock extends its positive price action on VSCO buzz. 
  • Strong demand gives this electric vehicle giant a boost.  
  • Plus, airline stock takes flight; Planet fitness stock pops on expansion; and a look at VBTX's year-long rally. 
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Elon Musk Drops MASSIVE Bombshell


The shrewd billionaire just made a VERY strange confession about the future of his electric car empire. The secret he reveals could also mint fortunes for smart, fast-moving investors. This has nothing to do with buying shares of Tesla.

Click here for the stunning details. Sponsored


In Case You Missed It...


Musk Goes "All In" on New Tech (NOT electric cars)


Tesla is the global leader when it comes to electric vehicle technology, but in a shocking twist, Elon Musk is now going all-in on THIS emerging technology. He thinks it �will grow faster than automotive... it will be absolutely incredible.� Warren Buffett and Bill Gates are interested too, but one tiny company has beaten them to the punch.

Click here for the stunning details. Sponsored

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