NEW YORK — Wall Street is holding steadier, thanks in part to a surge for Tesla’s stock. The S&P 500 was 0.2% higher in early trading Thursday and on track to break its first three-day losing streak since early September. The Nasdaq composite was up 0.4%, while the Dow Jones Industrial Average fell 80 points, or 0.2%. Tesla led the way with a gain of 14.3% after the electric-vehicle maker reported better profit for the latest quarter than analysts expected.
Package delivery company UPS climbed 7.5% after it handily beat Wall Street's sales and profit targets heading into its busiest stretch of the year. Competitor FedEx also rose, but a more modest 2.8%. In Europe at midday, Germany's DAX climbed 0.8%, the CAC 40 in Paris gained 0.7%, and Britain's FTSE 100 was up 0.6%.
Chinese markets declined, with Hong Kong's Hang Seng losing 1.3% to 20,489.62, while the Shanghai Composite index shed 0.7% to 3,280.26.
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