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Tesla and Molina Drive S&P 500 Gains Amid Mixed Earnings Reports

Tesla's impressive earnings and Molina Healthcare's revenue surge highlight a day of varied corporate performances impacting the S&P 500.

  • Tesla shares soared 21.9% after reporting better-than-expected profits, despite slightly missing revenue forecasts.
  • Molina Healthcare's stock jumped 17.7% due to a significant increase in Medicaid premium revenue, overcoming industry challenges.
  • The S&P 500 rose 0.2%, with the Nasdaq gaining 0.8%, while the Dow slipped 0.3% amidst mixed corporate earnings.
  • Newmont's shares fell 14.7% following disappointing earnings due to rising costs and capital expenses.
  • Carrier Global and Teradyne saw declines as they missed sales estimates and faced increased operating expenses respectively.
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