Dear Readers,
Today’s market movements have been influenced by several key events. Royal Philips’ $1.1 billion settlement in U.S. class-action lawsuits over its sleep apnea devices caused a major uptick in the company's stock, while Apple experienced a 2.5% gain ahead of its earnings report on Thursday.
Tesla shares surged by 15.3% following the announcement of self-driving technology in China, despite recent underwhelming quarterly results. Additionally, the threat of cheaper, high-quality EVs from China poses a challenge to Western carmakers.
On the U.S. stock front, the Dow Jones Industrial Average rose by 146 points (0.38%), and the Nasdaq Composite increased by 0.35%.
Cheerio!
Daniel Silva
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