Stocks Rise as Tesla Boosts Nasdaq

The stock market experienced mixed results as the S&P 500 rose 0.4% and the Nasdaq Composite added 0.6%, primarily fueled by a 5.6% surge in Tesla shares following news of President-elect Donald Trump's plans for a regulatory framework on self-driving vehicles. Conversely, the Dow Jones Industrial Average fell 0.1%, affected by declines in Goldman Sachs and Salesforce. Meanwhile, Super Micro Computer's stock climbed 16% after announcing a new auditing plan to comply with Nasdaq regulations, despite a significant drop in its market capitalization over the past year. China's Vice-Premier highlighted efforts to enhance Hong Kong's financial status amid concerns about capital flight, while veteran investor Howard Marks warned of challenges facing China's growth targets. Goldman Sachs projected gold prices could reach $3,000 per ounce by December 2025, signaling bullish sentiment in the precious metals market. As investors await Nvidia's upcoming earnings report, market focus remains on economic indicators and potential impacts of Trump's administration policies.