Tesla shares slump as United States stocks open higher

Dow Jones

The Dow Jones Industrial Average on Wednesday was up 39 points, or 0.15 per cent, to 26,218.13.

"Synchronised global growth has collapsed", said the Deutsche note. On Friday, President Donald Trump reiterated a call for the Fed to cut interest rates.

With Friday's gains, the benchmark S&P 500 has closed higher for seven trading days in a row, its longest winning streak since October 2017.

USA equities ended mixed on Tuesday as the market was in check by a steep sell-off in Walgreens shares. "There's more positive sentiment with respect to a possible deal between the U.S. and China".

Shares of major United States chipmakers rallied, contributing to the market. Conversely, the technology sector fell 0.4%.

Colombia warns Russian Federation over military support to Maduro regime
Its creation essentially replaced the National Assembly, rendering it powerless. Up until now, Maduro has avoided throwing the 35-year-old lawmaker in jail.

Facebook rose 1.4%, contributing to a 0.7% gain in the communication services sector, after brokerage Guggenheim upgraded the social media company's stock to "buy" from "neutral". The Nasdaq Composite Index climbed 40.65 points, or 0.52 percent, to 7,889.34. A Morgan Stanley analyst said the report potentially took the worst case scenario of an entirely new cause off the table.

Tesla shares slumped 8.23 per cent, leading the laggards in the Nasdaq.

Meanwhile, Tesla Motors plunged 9.2 per cent after it reported delivering 63,000 vehicles in the first quarter, below analyst estimates.

The disappointing figures come ahead of a USA court hearing on whether Tesla Chief Executive Elon Musk should be held in contempt for violating a settlement with USA securities regulators.

Advancing issues outnumbered declining ones on the NYSE by a 1.82-to-1 ratio; on Nasdaq, a 1.31-to-1 ratio favoured advancers.

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