Wall Street

Wall Street rallies, led by Tesla and other growth stocks

Published by
Reuters

By Amruta Khandekar and Noel Randewich (Reuters) – Wall Street rallied on Tuesday, lifted by Apple, Tesla and other megacap growth stocks after strong retail sales in April eased worries about slowing economic growth. Ten of the 11 major S&P sector indexes advanced, with financials, materials and technology each up over 2%. Investors were cheered by data showing U.S. retail sales increased 0.9% in April as consumers bought motor vehicles amid an improvement in supply and frequented restaurants. Recently punished shares of Microsoft Corp, Apple Inc, Tesla Inc and Amazon gained between 1.3% and …

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