Tesla Surges in 2025: Paramount Global Deal Sparks Market Buzz – Stock Movers Update
Explore the latest stock market movements as Tesla beats delivery expectations in Q2 2025, Paramount Global secures a major Skydance Media deal, and Biogen faces new competition. Stay informed with ZAMONA's up-to-date market insights.
Bill McColl brings over 25 years of expertise as a senior producer and writer across TV, radio, and digital platforms, leading teams that deliver impactful news coverage on major events.
Market Highlights
- On Wednesday, July 3, 2024, U.S. stocks showed mixed performance during a holiday-shortened trading session following a report indicating a slowdown in private sector job growth in June.
- Paramount Global's stock soared after news emerged of a pivotal agreement granting Skydance Media control over the media conglomerate.
- Tesla's shares climbed for the second consecutive day, fueled by stronger-than-expected second-quarter delivery figures.
As the holiday-shortened session neared its close, the S&P 500 and Nasdaq indexes advanced, contrasting with a decline in the Dow Jones Industrial Average.
Paramount Global (PARA) experienced the largest gains within the S&P 500, driven by majority shareholder Shari Redstone's National Amusements finalizing a transformative deal with Skydance Media.
Tesla (TSLA) continued its upward trajectory, buoyed by robust electric vehicle delivery numbers that surpassed analyst projections.
Mining sector stocks, such as Freeport McMoRan (FCX) and Newmont Corporation (NEM), increased alongside rising prices of gold, copper, and other key metals.
Shares of Biogen (BIIB) fell after the FDA approved Eli Lilly's (LLY) new Alzheimer’s treatment, positioning it as a competitor to Biogen's Leqembi, which also impacted Eli Lilly's stock negatively.
Oil futures climbed while yields on the 10-year U.S. Treasury note dropped. Meanwhile, the U.S. dollar weakened against the euro, British pound, and Japanese yen. Most major cryptocurrencies experienced a downturn.
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