Why Tesla, Nio And Palantir Are Moving Today

Tesla Inc TSLA, Nio Inc - ADR NIO and Palantir Technologies Inc PLTR shares are trading higher by 1.2%, 3% and 1.5%, respectively, after the Federal Reserve held rates constant but raised its inflation expectations for 2021-2023.

Seven Fed officials expect rate increases in 2022, while 13 expect rate increases in 2023.

Investors were watching for news on interest rates, as a near-term rise in rates could weigh on growth and technology stocks. Names in growth and technology are also trading higher Thursday in sympathy with the Invesco QQQ Trust Series 1 QQQ following Wednesday's news.