Tesla's Earnings Surge Lifts Nasdaq Amid Mixed Market Performance

Wall Street sees mixed results as Tesla's strong earnings contrast with Boeing's ongoing labor strike and IBM's revenue shortfall.

Tesla's stock jumped over 18% following better-than-expected quarterly earnings and a strong sales forecast from CEO Elon Musk.
The Dow Jones Industrial Average extended its losses, dragged down by Boeing and IBM, while the Nasdaq and S&P 500 saw modest gains.
Boeing continues to face challenges with a machinist strike that has halted production, following a rejected labor contract offering a 35% wage increase.
Despite Tesla's boost, broader market concerns persist, including high Treasury yields and investor caution ahead of the U.S. presidential election.
Corporate earnings reports present a mixed picture, with companies like UPS exceeding profit expectations, while IBM and Honeywell fall short of revenue forecasts.