Business NEWS

    News that matters

    Investors React to Latest US Inflation Data: Tesla Inc. (TSLA) Share Price Gains 7.51%


    The latest inflation data released on February 9, 2023 for the US, showed a 0.5% month-over-month increase in the consumer price index (CPI), which was in line with market expectations.[0] On an annual basis, CPI rose 6.4%, while core prices, excluding the volatile food and energy sectors, showed a 5.6% increase from the previous year.[1]

    The news pushed Treasury yields higher.[2] The yield on the 10-year Treasury note (US10Y) rose by 4 basis points to 3.76[2] The US2Y yield increased by 9 basis points, amounting to 4.62%.[2]

    In Asia-Pacific markets, futures for the Dow Jones Industrial Average fell 0.1% in Monday's pre-market trading, while those for the broader S&P 500 index gained 0.1% and contracts for the Nasdaq-100 added 0.4%.[3] On Tuesday, after the stock market opened, the Dow decreased by 0.46%, bringing the index to 34,089.44, and the NASDAQ declined 0.42%, settling at 11,842[4] The S&P 500 decreased, dropping 0.37% to a total of 4[4]

    On Tuesday, Microsoft stock rose by 0.3%, building upon the increase from the day before.[5] The share price is currently above its 200-day moving average, but still about 14% lower than its 52-week high following recent increases.[6] Wednesday morning, MSFT stock had a decrease of 0.4%.[6] Tesla (TSLA) saw a positive pre-market trading session, increasing by over 1%, after Barclays began monitoring the stock with an overweight rating and a $275 price target.

    In terms of the currency markets, the US Dollar (USD) strengthened versus all of its Group-of-10 peers. Meanwhile, the British Pound (GBP) fell against the Dollar (USD), with GBP/USD dropping 0.3%. The Euro-Dollar (EUR/USD) pair was down 0.2%, while the US Dollar-Japanese Yen (USD/JPY) pair was up 0.2%. The Dollar-Canadian Dollar (USD/CAD) pair was up 0.5%.

    Should I invest What should I invest in? On Tuesday, the share price of Tesla Inc. (NASDAQ: TSLA) from the S&P 500 stocks increased by 7.51%.

    0. “Market Caution Returns on Hot US CPI Data” Action Forex, 15 Feb. 2023,

    1. “5 things to know before the stock market opens Tuesday” CNBC, 14 Feb. 2023,

    2. “S&P 500, Nasdaq, Dow end choppy session with mixed performance after CPI data (SP500)” Seeking Alpha, 14 Feb. 2023,

    3. “S&P 500, Nasdaq, Dow ride high Monday as markets await new CPI data” Proactive Investors USA, 13 Feb. 2023,

    4. “Dow Falls 150 Points; US Consumer Prices Rise 0.5% In January – Endava (NYSE:DAVA), Denny's (NASDAQ:DENN)” Benzinga, 14 Feb. 2023,

    5. “Strong start to the new trading week in the US stock market” ForexLive, 13 Feb. 2023,

    6. “Dow Jones Drops 200 Points On Strong Retail Sales; Tesla Reverses Lower Despite Buy Rating” Investor's Business Daily, 15 Feb. 2023,

    Leave a Comment

    This div height required for enabling the sticky sidebar