Earlier momentum deflated by the end of the day, though Wall Street did manage to close with slight gains. Crude oil supported stocks thanks to a surprise rally driven by speculation Iran may participate in a production freeze. Tesla gave back most of the day’s gains after announcing new versions of its Model S and Model X vehicles, including new batteries for faster performance. Expectations had been high after CEO Elon Musk made mention of an announcement earlier in the day.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
