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Tesla's Robo-Taxi News and CPI Impact on Stocks

By Stephen WhitesideMarket OverviewOct 10, 2024 08:34

ca.investing.com/analysis/teslas-robotaxi-news-and-cpi-impact-on-stocks-200608791

Tesla's Robo-Taxi News and CPI Impact on Stocks

By Stephen Whiteside | Oct 10, 2024 08:34

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In today's premarket update, we cover key market movements ahead of significant economic data releases. We discusses the impact of CPI numbers and jobless claims on market sentiment, along with a detailed review of the Canadian banking sector, Tesla (NASDAQ:TSLA)'s recent robo-taxi announcement, and Hydro One’s seasonal weakness. We also analyze major stocks, including TD Bank (TSX:TD), Tesla, Shopify (TSX:SHOP), and Apple (NASDAQ:AAPL).

Additionally, we highlight volatility concerns as the VIX remains elevated and explains how these market trends are affecting both U.S. and Canadian equities. We provide insights into buy signals, seasonal trends, and long-term forecasts for investors, emphasizing the importance of stock market timing during this critical period.

This content was originally posted on the Stock Market Timing YouTube Channel

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1D1W1M6M1Y5YMax

	S&P/TSX	24,758.76	+174.72	+0.71%
	S&P/TSX 60	1,492.02	+10.38	+0.70%
	US 30	42,768.5	+189.7	+0.45%
	US 500	5,764.8	+26.3	+0.46%
	S&P 500 VIX	23.37	-1.50	-6.03%
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	Dollar Index	103.81	-0.22	-0.21%

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	US Cotton #2	66.07	+0.86	+1.32%

	Bombardier Inc	85.990	-1.410	-1.61%
	Enbridge	42.00	+0.40	+0.96%
	Air Canada	16.36	+0.29	+1.80%
	Broadcom DRC	46.25	+3.66	+8.59%
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	Alibaba ADR	140.62	+0.67	+0.48%
	Tesla	262.67	-0.78	-0.30%

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	Canada 10Y	3.031	-0.036	-1.30%
	Canada 30Y	3.261	-0.042	-1.21%
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	U.S. 10Y	4.304	+0.025	+0.70%
	U.S. 30Y	4.601	+0.022	+0.44%
	Germany 10Y	2.8350	-0.0495	-1.73%

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