Stock market today: Tesla surges after earnings but indexes slide as yields rise

Stocks slipped on Wednesday, as bond yields rose and investors awaited more quarterly results from companies. The Nasdaq Composite was down about 0.2%. The S&P 500 fell 0.3%, while the Dow Jones Industrial Average was also off about 0.3%. The moves lower in the major index came alongside a tick higher in bond yields, a recent headwind for stocks. The 10-year Treasury yield rose about six basis points to 4.66%, hovering near its highest level of 2024.

Meanwhile, Tesla shares jumped nearly 10% after the EV maker's vow to speed up the launch of more affordable models eclipsed its quarterly earnings and revenue miss. That cheered up investors worried about growth amid a strategy shift to robotaxis and the planned cancellation of a cheaper model. The results from the first "Magnificent Seven" to report have intensified the already high hopes for Big Tech earnings, that the megacaps can revive the rally in stocks they powered.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Stock market today: Tech leads stock slide, Nvidia falls almost 4%Investors have put rate-cut worries on the backburner to focus on earnings season instead.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: S&P 500, Nasdaq notch big gains as Tesla kicks off 'Magnificent 7' earningsThe wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: S&P 500, Nasdaq notch big gains with Tesla earnings on deckThe wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: S&P 500 snaps 6-day losing streak ahead of Big Tech earnings rushBig Techs are the highlight as hopes rest on this week's flood of earnings to reassure and reignite the market.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Stocks bounce back with Big Tech earnings in viewBig Techs are the highlight as hopes rest on this week's flood of earnings to reassure and reignite the market.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Stock market today: Stocks bounce back with Big Tech earnings aheadBig Techs are the highlight as hopes rest on this week's flood of earnings to reassure and re-ignite the market.
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »