Caroline Woods, reporting from the New York Stock Exchange, discusses the latest business headlines as markets open for trading on Monday, April 29th. Last week, the Dow, Nasdaq, and S&P 500 all finished in the green, setting a positive tone for the upcoming week. Analysts are eagerly awaiting earnings reports from companies like Amazon, Uber, CVS Health, and Apple later in the week.
Investors are also keeping an eye on the Federal Reserve’s upcoming two-day policy meeting starting on April 30th, where it is expected that the central bank will maintain interest rates at their current levels. In other news, China announced it would be lifting restrictions on Tesla’s electric vehicles after the company met data security requirements. This move opens the door for Tesla’s Full Self Driving feature to be available in China.
The Full Self Driving feature, an upgrade to Tesla’s autopilot, has been limited in China until now. Tesla has reportedly partnered with China’s Baidu to utilize its mapping and navigation technology, which is necessary for the full rollout of the feature. Tesla and China’s BYD have been competing for the title of the world’s best-selling EV maker, with Tesla recently regaining the top spot.
As markets continue to evolve, news from the New York Stock Exchange suggests that the business world is rapidly changing. Stay tuned for more updates on the latest developments in the financial sector.