Stock market today: Tesla’s unexpected earnings boost sends its stock soaring, while tech sector challenges weigh down the market for the third consecutive day.

Stock market today: Tesla’s unexpected earnings boost sends its stock soaring, while tech sector challenges weigh down the market for the third consecutive day.

U.S. stocks experienced a decline on Wednesday, extending the losing streak on Wall Street to three days as the market grappled with rising Treasury yields and disappointing earnings. However, after hours, Tesla’s stocks saw a surge following a better-than-expected earnings report, rising by more than 9%. Tesla announced plans to begin production on more affordable … Read more

China reduces main lending rates to boost economic growth

China reduces main lending rates to boost economic growth

China has lowered benchmark lending rates as expected at the monthly fixing on Monday, following previous reductions to other policy rates last month as part of a stimulus package to revive the economy. The one-year loan prime rate (LPR) was decreased by 25 basis points to 3.10% from 3.35%, while the five-year LPR was also … Read more