Overnight stock market: US stock markets under pressure, Tesla disappoints investors

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US stock markets closed the day on Tuesday with discounts. Shares of electric car pioneer Tesla fell significantly. The company had previously reported weak sales figures.

The Dow Jones Industrial It closed Tuesday at 39,170 points, a loss of 396 points or 1.00 percent. The Nasdaq, high technology It lost 156 points and closed at 16,240 points. Here the disadvantage was 0.95 percent.

Walt Disney was one of the strongest stocks on the Dow Jones with profits of around one percent. In the end it was UnitedHealth with losses of a good six percent. On the Nasdaq, Arundel gained twelve percent, while Enzon Pharmaceuticals lost 21 percent.

Tesla reports weak sales figures

At the American electric car manufacturer Tesla Sales fell more than eight percent in the first quarter of 2024. The company of Tesla's founder and CEO, space electric vehicle giant Tesla, will no longer be able to take advantage of its stormy growth in recent years. Tesla shares temporarily fell a good five percent on Tuesday on the New York Stock Exchange.

Registered shares of Tesla Inc. DL-,001
Finanz100.de - Current stock market news
  • Registered shares of Tesla Inc. DL-,001 - Finance100

Hopes fade for sharp cuts in key interest rates

Market watchers say the reason for the weakness in U.S. stock markets is that investors expect fewer key interest rate cuts this year than previously thought. Until recently, analysts expected three interest rate increases this year, but the number could be lower. This is due to the surprisingly robust American economy. This allows the US Federal Reserve to wait with the planned interest rate cuts. Federal Reserve Chair Jerome Powell said last Friday that the central bank was in no rush to cut interest rates as policymakers waited for more evidence that inflation had actually been contained.

Dax loses significantly after all-time high

Also the Dax lost significantly on Tuesday. After a record run initially continued in the morning to 18,567 points, the leading index gave up its gains later. At the close of the session, the DAX fell 1.13 percent to 18,283 points. The MDax ultimately lost 0.99 percent to 26,776 points.

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