Tesla rose sharply on Wall Street on Thursday after the electric car maker came with numbers a day earlier after the closing bell. Investors were delighted that the company could offset sharply increased costs through higher prices.
In addition, CEO Elon Musk was delighted that his company could further ramp up production this year despite delivery problems. As a result, shares of Tesla increased in value by nearly 11 percent.
United Airlines also rose about 11 percent. Contrary to expectations, the company forecast a profit for the second quarter. United Airlines also counts on record turnover due to the enormous demand for air travel after two years of the corona. Industry peers Delta Air Lines, American Airlines and Southwest Airlines followed suit, rising to more than 9 percent.
AT&T, in turn, rose more than 3 percent. The telecom and media company achieved more turnover from its mobile telephony branch. AT&T has invested heavily in the rollout of a 5G network. AT&T also focuses on constructing a fast fibre optic network for fixed internet.
In the first trading minutes, the Dow-Jones index gained 0.7 percent to 35,419 points. The broad-based S&P 500 was up 1 percent at 4506 points, and the tech exchange Nasdaq gained 1.8 percent to 13,691 points.
Investors on Wall Street continued to look to the results of a range of other companies. For example, chemical company Dow (plus 3.9 percent), white goods manufacturer Whirlpool (plus 1.3 percent) and tobacco manufacturer Philip Morris International (plus 0.4 percent) reported figures.
Furthermore, traders and investors are especially looking forward to a speech by Federal Reserve Chairman Jerome Powell. They hope that this will provide clues about the interest rate policy of the American umbrella organization of central banks. Due to high inflation, the Fed has already raised interest rates once. Still, in recent days several Fed executives have speculated that stronger action is required at the next policy meeting.
US oil became 1.5 percent more expensive and cost USD 103.66 per barrel. Brent oil rose 1.3 percent in price to USD 108.14 a barrel. The euro was worth $1.0885. A day earlier, that was still $1.0852.