Tesla surge drives S&P 500, IBM weighs on Dow

by Pelican Press
1 minutes read

[ad_1]

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.

Premium

Subscribers with digital access can view this article.

Already a subscriber?

Login here.
[ad_2]

Source link

#Tesla #surge #drives #IBM #weighs #Dow

You may also like