The S&P 500 closed higher on Thursday to end a three-day losing streak.
The index was fueled by a surge in Tesla's stock, which closed 22% higher after a strong earnings beat.
AdvertisementUS stocks closed mixed Thursday, though the S&P 500 was able to push higher after three days of losses.
Its operating profit also exceeded expectations, up 54% from a year ago to $2.7 billion, while analysts expected $2.0 billion.
Some analysts, though, remain cautious that the strong earnings will be sustainable in future quarters.
Persons:
—, Tesla
Organizations:
Service, Dow Jones, IBM, UBS, JPMorgan