Tesla Attempts Rebound After 3 Consecutive Days of Decline... Positive Impact of Employment Data

Apple Also Rises... Nasdaq Starts Up After a Day of Plunge

[Image source=EPA Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The stock price of electric vehicle manufacturer Tesla, which had plummeted in the New York stock market the previous day, is attempting a rebound on the 4th (local time).

Tesla started trading at $405, down 0.28% at 9:30 a.m. that day, but immediately reversed to an upward trend and is trading around $420, up about 3%. Tesla had fallen for three consecutive days from the 1st to the previous day.

Following a sharp 9% drop the previous day, Tesla's after-hours trading saw the price break below the $400 level, falling to around $380. On this day as well, it continued to weaken in pre-market trading but recovered losses after the August employment report showed positive results.

Apple's stock, which also fell sharply by 8% along with Tesla the previous day, is seeking a rebound with gains in the 1% range.

The overall New York stock market has also shaken off the sharp decline from the previous day. The Nasdaq index, which fell nearly 5% the previous day, is up about 0.6% on this day. The Dow Jones Industrial Average and the S&P 500 index are also in positive territory.

The rise in indices on this day is attributed to the strong August employment data. According to the U.S. Department of Labor, 1.37 million jobs were added in August, and the unemployment rate fell to 8.4%.

This content was produced with the assistance of AI translation services.