Investors are closely monitoring Wall Street as stocks edge higher on Tesla's positive news in China. The market anticipates the Federal Reserve rate decision, monthly jobs report, and earnings reports from tech giants like Apple and Amazon.
While Tesla's stock experiences a surge, concerns arise due to rising Treasury yields impacting stock valuations. This week, market focus remains on key economic events such as the Fed meeting, April jobs report, and earnings announcements from Big Tech companies.
Additionally, Amazon's upcoming first-quarter earnings report is anticipated, with attention on factors like profitability and strategic investments in automation.
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