WALL ST GAINS AS TESLA LEADS MEGACAP RALLY
- NEWS Desk Global
- Sep 11, 2023
- 1 min read
Wall Street rose on Monday as Tesla led gains in megacaps, while investors awaited inflation data due later this week for clues on the U.S. Federal Reserve's interest-rate path. Tesla (TSLA.O) jumped 5.8% as Morgan Stanley upgraded it to "overweight" from "equal-weight", saying the EV maker's Dojo supercomputer could boost the company's market value by nearly $600 billion. Shares of other megacaps including Alphabet (GOOGL.O), Microsoft (MSFT.O) and Amazon (AMZN.O) rose between 0.4% and 1.1%.
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