Stock Market Today: S&P 500 ekes out gain on Tesla rally but spike in yields bite

Investing.com-- The S&P 500 eked out a gain Wednesday, as rising Treasury yields and weakness in industrials weighed, but a spike in Tesla helped tech add to gains ahead of another round of earnings from big tech.) stock jumped 12%, rebounding from a 15-month low hit earlier this week, after the electric vehicle manufacturer said it was accelerating the launch of new EV models including more affordable options, to the second half of 2025.

A cheap EV model could represent the next leg of growth for Tesla, and also enable more sales of its high-margin self-driving software.) stock fell more than 2% after Mody’s Ratings downgraded Boeing’s credit rating to Baa3 from Baa2, a notch above 'junk' status. The aircraft manufacturer had been more than 4% intraday following first-quarter revenue beat expectations. Adding to negative sentiment on the aircraft maker U.S. Transportation Secretary Pete Buttigieg said that Boeing would have to meet convince the Federal Aviation Administration that it has address quality control issues within the 90-day deadline before it can boost production of its 737 MAX jets.

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