News Snapshot:
Stock market indexes gave up early gains in the first hour of the first trading day of 2023, while Tesla (TSLA) fell more than 10% after missing delivery estimates. Gold rallied to a six-month high as the 2% inflation mantra drew a crowd of skeptics. X The end of tax-selling season and a clean slate encouraged investors to scoop up depressed shares, but bearish macroeconomic issues brought bears out in force on Tuesday morning. Hotter manufacturing numbers from Europe and optimism about China's Covid trajectory lifted equities overnight. Weak investor sentiment and oversold technical readings also contributed to the positive...
