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Stock market news today: Indexes climb as GDP, Tesla beat expectations

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US stocks rise as GDP data and Tesla earnings come in better than expected

US stocks climbed Thursday following the release of better-than-expected economic growth data, as well as a strong fourth-quarter earnings report fromThe Commerce Department reported that gross domestic product for the fourth quarter rose at a 2.9% annualized pace, above the 2.8% expected from Dow Jones economist.

The figure was below the 3.2% pace in the third quarter, however, and concerns about economic growth for the year ahead remain. Separately, weekly jobless claims dropped by 6,000, down to 186,000. That's below the 205,000 expected by Dow Jones economists, and marks the lowest level since April 2022.of $24.32 billion for the fourth quarter, above the expected $24.16 billion. Earnings per share came in at $1.19, versus the $1.13 expected.

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