Nothing really happened today.
First the scoreboard:
Dow: 15,076, -6.5 pts, -0.0%
S&P 500: 1,629, +3.0 pts, +0.1%
NASDAQ: 3,431, +21.8 pts, +0.6%
And now the top stories:
- There were no major earnings announcements or market moving economic reports today.
- According to the Treasury Department, the U.S. government posted a $112.9 billion budget surplus in April, the highest surplus in five years. This was largely driven by a 27% year-over-year jump in total tax receipts. This number was right in line with economists’ estimates.
- Shares of Tesla surged again today. This comes after stronger-than-expected earnings, robust guidance, and Consumer Reports’ highest-ever rating for a car. The stock is up around 40% in just the last two days.
- Popular hedge fund manager Hugh Hendry just released his first quarter letter to investors.
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