Wall Street Eyes Higher Open After Strong GDP Data; Tesla Slides On Growth Warning

<p>Wall Street’s main indexes were poised for a higher open, as a strong economic growth print boosted hopes of a likely soft landing, while Tesla sank on warning of slower growth. An advance estimate showed fourth-quarter gross domestic product (GDP) rose at a 3.3% annualized rate, much higher than the 2% rate expected by economists polled by Reuters. “The stronger-than-expected GDP sort of increases the chance of perhaps a soft landing,” said Peter Cardillo, chief market economist at Spartan Capital Securities in New York. “It just seals fact that the Fed is likely not going to be cutting rates anytime […]</p>
<p>The post <a href="https://vladimirribakov.com/wall-street-eyes-higher-open-after-strong-gdp-data-tesla-slides-on-growth-warning/">Wall Street Eyes Higher Open After Strong GDP Data; Tesla Slides On Growth Warning</a> appeared first on <a href="https://vladimirribakov.com">Vladimir Ribakov</a>.</p>