Global shares gain as trillion-dollar Tesla brightens tech sector and commodities cool off

Global shares gain as trillion-dollar Tesla brightens tech sector and commodities cool off

Global shares climbed on Tuesday, propelled by strong earnings, particularly across the technology sector, where shares in Tesla surged to record highs, that has helped soothe some of the deeper fears around a damaging spike in inflation over the longer term. and were up roughly 0.2%, while those on the rose by 0.5%, lifted by a burst of positive sentiment after Tesla secured a bulk order from rental car company Hertz, which pushed shares in the luxury electric vehicle maker past $1,000 - and into the $1 trillion valuation club. Facebook's third-quarter earnings were mixed, as the social media company missed revenue estimates, but beat on earnings - adding to an already robust earnings season across the tech sector. Microsoft, Twitter, and Google parent Alphabet all report later on Tuesday. Its shares were up 2.3% in Tuesday's premarket. The benchmark indices hit record highs the previous day, driven by more bumper earnings in a season in which 83.2% of companies have beaten expectations, according to Reuters. This outperformance is against a backdrop of bottlenecks across the global supply chain, along with a shortage of labor and raw materials have ignited inflationary pressures around the world in recent months. "Even though