Stocks

Tesla’s Bullish Earnings Fail to Lift Stocks as Bond Yields Rise

On Oct. 25, bond yields headed higher again after a brief decline in the morning, cooling off a rally in tech shares.
Tesla’s Bullish Earnings Fail to Lift Stocks as Bond Yields Rise
Traders work on the floor of the New York Stock Exchange in New York City on Oct. 22, 2024. Spencer Platt/Getty Images
Panos Mourdoukoutas
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News Analysis

A positive earnings surprise from Tesla revived investor interest in tech shares last week, but it was not enough to lift the overall equity market higher by the end of the week, as elevated bond yields tapered investor enthusiasm for risky assets.

Panos Mourdoukoutas
Panos Mourdoukoutas
Author
Panos Mourdoukoutas is a professor of economics at Long Island University in New York City. He also teaches security analysis at Columbia University. He’s been published in professional journals and magazines, including Forbes, Investopedia, Barron's, IBT, and Journal of Financial Research. He’s also the author of many books, including “Business Strategy in a Semiglobal Economy” and “China's Challenge.”