Stock market today: S&P 500 and Nasdaq hit fresh records as market rally resumes, Tesla reports earnings
US stocks hit fresh records as the market rally resumed, driven by tech stocks and positive earnings reports. Tesla's earnings beat expectations, causing its stock to jump 3% in after-hours trading.
US stocks rose to fresh record highs on Wednesday, driven by tech stocks and positive earnings reports. The Nasdaq Composite led the indexes higher, jumping 1.6% to close at a new high. The S&P 500 and Dow Jones Industrial Average also gained. Trump's extension of the US ceasefire with Iran provided temporary relief, but the path forward remains uncertain. Oil futures pushed higher after Iranian gunboats fired on two ships in the Strait of Hormuz. Boeing's earnings topped expectations, and investors awaited Tesla's results. Tesla reported first quarter earnings that beat expectations, with revenue of $22.39 billion and adjusted EPS of $0.41. Tesla's stock climbed 3% in after-hours trading.
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