Tesla leads tech rebound, Adds $100 bn to market-cap in single day

Tech Titan Rebound, Tesla Rises Most in a Year 

Wall Street cheered with tech heavy index Nasdaq surging 4% in Tuesday’s trade. The rise was led by Tesla which snapped a 5 day losing streak and Amazon and Microsoft which posted the single biggest gain in over a month. 

Tesla stock ended Tuesday trade up nearly 20%,  its highest close in a week and largest one-day percentage advance since Feb 2020. This rise added over $100 bn to the Musk backed EV makers market value which now stands at $647 bn. 

Investors on Wall Street cheered bond yields coming down that eased upto 1.52% vs the 13 month high of 1.61% .