Amazon stock had an up-and-down 2024 but is on pace to close with a strong final three months. Amazon stock is ahead 48% so far this year, with the e-commerce and cloud computing company posting a 20% rally since the start of October. The rally has been powered by investor optimism about both Amazon's e-commerce and cloud-computing operations.
The stock market was rallying across the board, but the Nasdaq Composite was having an especially merry Christmas Eve session. The tech-heavy index was up 1%, which would be its best performance on Christmas Eve since 2000, according to Dow Jones Market Data. The S&P 500, up 0.7%, was on track for its best Christmas Eve since 2011.
DETROIT (Reuters) - Toyota Motor (TM) of North America is donating $1 million to President-elect Donald Trump's Jan. 20 inauguration, a company spokesman said on Tuesday, a day after Detroit's Ford Motor and General Motors, said they would give the same amount.
Tesla (NASDAQ: TSLA) stock investors received an early Christmas gift from Hyundai (OTC: HYMTF) this morning: at least 112,000 new potential customers for its Supercharger electric car charging system. Tesla stock is up 4.5% through 10:45 a.m. ET on the news. Tesla spent the bulk of 2023 reporting a series of alliances with other carmakers around the world, in the form of announcements that these other carmakers -- Hyundai, Honda, GM, Ford Motor Company, and others -- would switch their electric cars' primary charging technology from the putative "Common Charging System" for all carmakers, to Tesla's North American Charging Standard (NACS) instead.
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