Wall St gains ahead of Fed decision as Tesla rallies

The S&P 500 and Nasdaq have hit fresh 2023 highs as Tesla shares jumped following a tie-up with General Motors while investors awaited inflation data and US monetary policy decision due next week.

Tesla Inc shares climbed 5.7 per cent after General Motors agreed to use the company’s Supercharger network.

GM shares rose 3.8 per cent.

The benchmark S&P 500 on Thursday ended 20 per cent above its October 12 closing low, heralding the start of a new bull market as defined by some market…

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