Wall Street
First Solar shares rebound as analysts dismiss Tesla solar competition
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Shares of First Solar rose 1% on Friday following a sharp decline, as major Wall Street firms downplayed the threat from Tesla's ambitious solar manufacturing plans. Elon Musk announced targets for 100 gigawatts of annual production, but analysts cited supply constraints and First Solar's advantages as mitigating factors. While one firm downgraded the stock, overall sentiment remained positive.
At the World Economic Forum in Davos, Switzerland, discussions on cryptocurrency highlighted the influence of US politics and growing Wall Street interest. Key speakers addressed market uncertainties tied to President Trump and expressed optimism for the industry's future. Traditional finance leaders endorsed blockchain as essential for modernization.
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Wall Street's three major indices ended 2025 with substantial gains, marking three consecutive years of increases. The S&P 500 rose 16.39%, Nasdaq 20.36%, and Dow Jones 12.97%, driven by artificial intelligence despite turbulence from Donald Trump's tariff policies.
Major U.S. stock indexes ended lower on September 25, 2025, as fresh economic data heightened uncertainty over the Federal Reserve's interest rate trajectory. Investors grappled with mixed signals from consumer confidence and manufacturing reports, which suggested persistent inflationary pressures and tempered expectations for aggressive rate cuts. The downturn reflects broader anxieties about economic resilience in a high-interest environment.