US Stock Market Diverges: Tesla Climbs to Record While Dow and S&P 500 Slide

Tesla’s record climb contrasts with a drop in the Dow and S&P 500, as November jobs data raises concerns about the labor market and Fed policy.

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US Stock Market Diverges: Tesla Climbs to Record While Dow and S&P 500 Slide

US Stock Market Diverges: Tesla Climbs to Record While Dow and S&P 500 Slide
US stocks showed mixed performance on Tuesday, with Tesla (TSLA) hitting a new record, while the Dow Jones and S&P 500 slipped. The delayed November jobs report revealed that the US economy added 64,000 jobs, but the unemployment rate rose to 4.6%, reaching a 2021 high. The Nasdaq Composite rose 0.2%, fueled by Tesla’s advancements in robotaxi technology. Meanwhile, the Dow dropped 0.6%, and the S&P 500 fell 0.2%.