US stocks post solid weekly gains amid corporate news, economic data
Summary
NEW YORK, June 9 (Xinhua) -- U.S. stocks advanced in the past week as invest sentiment was lifted by a batch of positive corporate news and economic data.Shares of Tesla surged 9.74 percent in late trading on Wednesday after the company revealed it is nearing the Model 3 weekly production rate of 5,000.On the economic data, total inventories of merchant wholesalers, except manufacturers sales branches and offices, after adjustment for seasonal variations but not for price changes, were 630.2 billion U.S. dollars at the end of April, up 0.1 percent from the revised March level.On other economic news, the number of U.S. job openings was little changed at 6.7 million on the last business day of April, as compared with the previous month, the Labor Department reported Tuesday.The rise in the stock market may be kept in check as uncertainties remain amid tensions between the worlds largest economy and its major trade partners, experts noted.