Stock Market Update: Electric Vehicles and Infrastructure Drive Investor Interest
- Tesla Inc.’s (TSLA) shares rose 0.6% following a report that total electric vehicle sales in the United States will continue to rise in double digits year over year.
- Shares of Alphabet Inc. (GOOGL) advanced 1.1% after the company entered into an agreement to purchase nuclear power from small modular reactor developer Kairos Power.
- The Boeing Co.’s (BA) shares slumped 1.3% after delaying the delivery of its still-uncertified 777X wide-body plane and forecast a wider-than-expected loss for the third quarter of 2024.
- Shares of ServiceNow Inc. (NOW) gained 0.7% after the company announced plans to invest $1.5 billion in the U.K. over the next five years for AI and workforce growth.
Infrastructure Investment Set to Surge Nationwide
A significant initiative to upgrade America’s aging infrastructure is on the horizon. This effort is bipartisan, urgent, and certain to happen, with trillions of dollars expected to be spent. Such investment is likely to lead to substantial financial gain for those who invest wisely.
The pressing question for investors remains: “Will you identify the right stocks early while their growth potential is at its peak?”
Zacks has compiled a Special Report designed to aid investors in this quest. For free, discover five companies poised to benefit greatly from the upcoming construction and repair initiatives related to roads, bridges, buildings, cargo hauling, and energy transformation.
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Interested in the latest recommendations from Zacks Investment Research? You can download “5 Stocks Set to Double” at no cost. Here are additional resources:
The Boeing Company (BA): Free Stock Analysis Report
Tesla, Inc. (TSLA): Free Stock Analysis Report
ServiceNow, Inc. (NOW): Free Stock Analysis Report
Alphabet Inc. (GOOGL): Free Stock Analysis Report
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
