Investors Pour $11 Bn into US Stocks as Interest in Tesla Surges
Published
Private investors injected $11 bn into US stocks after former President Donald Trump announced new trade tariffs in early April, Bloomberg reports.
Despite a stock market slump, investors remained undeterred. Tesla and Palantir Technologies attracted the most attention among retail buyers.
Bloomberg noted that retail investors continue to back US equities even as the S&P 500 experiences a sharp decline. Meanwhile, institutional investors have shifted their focus towards international markets and treasury bonds.
The world’s wealthiest individuals gained a combined $304 bn following the suspension of tariffs. Among them, Elon Musk — a close ally of Trump — saw his fortune increase by $36 bn.
