EUR/USD
1.15659
-0.378%
Gold
4374.51
-2.249%
Oil
89.301
-1.870%
USD/JPY
160.143
0.077%
GBP/USD
1.33962
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GBP/JPY
214.533
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Real-time News
June 5th - Following the replacement of its chief automotive analyst, JPMorgan Chase has turned bullish on Tesla. JPMorgan recently appointed Rajat Gupta as its automotive analyst, who raised his price target for Tesla to $475 and upgraded the stock to a "hold" rating. Former automotive analyst Ryan Brinkman had recommended selling the stock since 2015, predicting it would fall to $145 by the end of the year. Gupta, who previously worked under Brinkman, highlighted Teslas "unique vertical integration advantage" in a report released Friday, stating that this advantage is "currently undervalued and misunderstood."The Nasdaq China Golden Dragon Index fell by 2%, Baidu (BIDU.O) dropped nearly 7%, NIO (NIO.N) and XPeng (XPEV.N) fell by more than 3%, and Alibaba (BABA.N) fell 1.3%.Market news: The U.S. Department of Commerce and Powerex have reached an agreement on chip incentives.Lululemon (LULU.O) shares fell to their lowest point since 2018, a drop of 12%.The Dow Jones Industrial Average opened 46.84 points higher, or 0.09%, at 51,608.77 on Friday, June 5; the S&P 500 opened 50.33 points lower, or 0.66%, at 7,533.98; and the Nasdaq Composite opened 313.02 points lower, or 1.17%, at 26,517.94.
