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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asian markets surge higher after Wall Street takes a breatherShares rolled higher in Asia on Thursday after U.S. stocks edged back from their records.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Stock market today: Wall Street holds steady as Shanghai stocks suffer worst drop since early COVIDNEW YORK (AP) — U.S. stocks are holding relatively steady following the latest scary swerves for Chinese markets. The S&P 500 slipped 0.1% in early Wednesday trading.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street sets more records after Shanghai's worst drop since early COVIDNEW YORK (AP) — U.S. stocks set more records highs after the latest wild swerves for Chinese stocks left few ripples in markets worldwide. The S&P 500 rose 0.7% Wednesday and beat the all-time high it set last week.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street slips below its record highsNEW YORK (AP) — U.S. stocks are edging down from their records. The S&P 500 slipped 0.3% in early Thursday trading. The Dow Jones Industrial Average was down 65 points after likewise setting an all-time high the day before.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Asian markets are mixed after another winning close on Wall StreetBANGKOK (AP) — Asian shares were mixed on Monday after U.S. stocks rose to records to close out their latest winning week. U.S. futures also were mixed and...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »