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Tesla tumbles and Alphabet rises to keep Wall Street near its records
NEW YORK (AP) — Wall Street is hanging near its records on Thursday, though the calm surface of the U.S. stock market is hiding some roiling moves underneath. Alphabet is rising, and Tesla is tumbling following a jumble of profit reports from big U.S. companies.
Wall Street hangs near records amid a deluge of corporate earnings
The S&P 500 was up 0.2% after setting an all-time high the day before. The Dow Jones Industrial Average was down 310 points, and the Nasdaq composite was up 0.4%. Alphabet climbed after the company behind Google and YouTube delivered a fatter profit than analysts expected.
Tesla stock closed down 12% on Tuesday at $108.10. The drop was its largest in more than two years, with shares closing at their lowest level since Aug. 13, 2020.
2don MSN
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