Market Turns Positive Amid Tesla and Amazon Developments

In a surprising turn of events, major U.S. stock indexes shifted to gains during Wednesday's trading session. This shift was fueled by two significant announcements from corporate giants Tesla and Amazon.

Elon Musk Steps Down from DOGE

Reports confirmed that Tesla Inc. CEO Elon Musk is leaving his position at the Department of Government Efficiency (DOGE), a move that has positively impacted Tesla's stock value.

Amazon's Bold Move: Bidding for TikTok

Adding to the market's momentum, Amazon.com Inc. is reportedly in the race to acquire TikTok in the U.S., further boosting its shares and investor confidence.

Market Indexes Show Significant Gains

By midday, the Dow Jones Industrial Average had climbed by 0.31%, the Nasdaq 100 by 0.67%, and the S&P 500 by 0.49%. Meanwhile, the euro also saw an increase against the dollar, trading at $1.08478.