Major stock market indexes in the United States turned to gains in Wednesday's session following the reports of Tesla Inc. Chief Executive Officer (CEO) Elon Musk leaving the Department of Government Efficiency (DOGE) and Amazon.com Inc. bidding to buy TikTok. As a result, both companies' shares went up.
The Dow Jones Industrial Average grew by 0.31% or 131 points at 12:40 pm ET. At the same time, the Nasdaq 100 rose by 0.67% or 130 points. A minute later, the S&P 500 gained 0.49%.
The euro increased by 0.50% against the dollar at 12:41 pm ET to sell for $1.08478.
