In trading before U.S. markets opened Tesla shares rose as much as 2.9%, after jumping 5.7% on Tuesday.
Investors—at least those in U.S. equities—were decidedly less excited about the vague “framework” for a trade truce announced after two days of marathon negotiations between the U.S. and China in London.
Christopher Wood, global head of equity strategy research at Jefferies in Hong Kong, told the WSJ, “What’s become clear in the last few weeks is that this rare-earths issue has got real leverage for Beijing.”
In pre-market trading, the three major U.S. markets were off about 0.15%.
In the longer term, Wall Street was not totally convinced by the deal.
Asian markets rose across the board, with Japan’s Nikkei and the Shanghai and Hong Kong exchanges all rising by at least 0.5%. In Europe, markets were largely flat in early afternoon trading.
