Japan’s Nikkei Surges on Tesla and Tech Rally, While Dow Jones Slips
On the 4th, Japan’s Nikkei index posted solid gains, climbing to 641 yen — a 38% jump from the previous close.
On the 4th, the Nikkei index advanced sharply, reaching 641 yen, up 38% from its prior level. By comparison, a day earlier it stood at 42,580 yen (27%). The rally was largely fueled by positive momentum on Wall Street, where shares of major tech giants gained ground, boosting futures on global equity benchmarks. Still, some investors at the top of the price curve took the opportunity to lock in profits, triggering partial sell-offs.
Meanwhile, on the New York Stock Exchange, the Dow Jones fell 24% over a three-day stretch, sliding to 445,271 points — its lowest in the past three sessions. The drop reflected concerns about the U.S. labor market outlook and broader financial strains in the economy, which weighed on investor sentiment. Despite these pressures, tech stocks continued to advance, though overall market activity remained subdued.
Notably, the Nasdaq managed to break into positive territory for the first time in three days. Among the standout performers was Tesla, which rose 1.44%. The electric-vehicle maker’s gains were significant in a market otherwise marked by caution. All told, despite mixed signals across global exchanges, the tech sector remains the driving force behind equity markets worldwide.
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