Stock Market Today: S&P 500 snaps 3-day losing streak as Tesla rallies 22%

Investing.com-- The S&P 500 snapped a three-day losing streak Thursday, as Tesla racked up its best day in over decade following the electric vehicle maker's better-than-expected quarterly results.) rallied 22% notching its biggest after the electric vehicle maker reported robust third-quarter profits and surprised investors with a prediction of 20-30% growth in sales next year.

Gross margins excluding credits, a closely watched performance metric, rose to 17.05% from 14.7% in the prior quarter The stock is the first of the so-called “Magnificent Seven” to report this earnings season, with its positive reading drumming up hopes of a similar trend from Tesla’s peers, which are due to report in the coming weeks.Around 29% of S&P 500 companies have reported results so far this quarter, according to data compiled by LSEG, with 81% beating earnings estimates.) stock fell 1.

Investors will also be keeping an eye on the political situation, with a WSJ poll on Wednesday putting former President Donald Trump, the Republican presidential candidate, heading his Democratic rival Kamala Harris 47% to 45%.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: S&P 500 slips as Treasury yields jump; tech earnings eyedStock market today: S&P 500 slips as Treasury yields jump; tech earnings eyed
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: S&P 500 closes above 5,800 for first time ever as banks rallyStock market today: S&P 500 closes above 5,800 for first time ever as banks rally
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: S&P 500 closes lower as spike in Treasury yields weighStock market today: S&P 500 closes lower as spike in Treasury yields weigh
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: S&P 500, Dow in fresh record close as Netflix shinesStock market today: S&P 500, Dow in fresh record close as Netflix shines
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 rides Nvidia-led tech surge to close higherStock Market Today: S&P 500 rides Nvidia-led tech surge to close higher
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 ends just lower as intraday climb coolsStock Market Today: S&P 500 ends just lower as intraday climb cools
Source: Investingcom - 🏆 450. / 53 Read more »