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Tesla surge drives S&P 500, IBM weighs on Dow
The S&P 500 and the Nasdaq have rebounded, after Tesla’s upbeat earnings forecast lifted market sentiment following a sell-off in the previous session, kicking off mega-cap results on a promising note.
Shares of the company soared nearly 16.7 per cent, with the EV-maker set to add more than $US100 billion ($A150 billion) to its market capitalisation, after it reported robust third-quarter profits and surprised investors with a prediction of 20 per cent to 30 per cent sales growth next year.
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