Wall Street experienced a mixed close as Tesla shares soared while IBM struggled following their recent earnings announcements.

The S&P 500 managed to gain 0.2% on Thursday, marking the end of a three-day slump, which was its longest stretch of losses since early September. The index fluctuated throughout the session, reflecting an even distribution of stock movements, with some rising and others declining. Conversely, the Dow Jones Industrial Average saw a decline of 0.3%, while the Nasdaq composite reported an increase of 0.8%.

Tesla’s stock skyrocketed by 21.9%, one of its most remarkable trading days ever, after exceeding analysts’ profit expectations for the recent quarter. In contrast, IBM faced a setback, dropping 6.2% due to revenue figures that failed to meet market forecasts. Additionally, Treasury yields eased during the trading session.

On Thursday’s performance:

– The S&P 500 increased by 12.44 points, or 0.2%, finishing at 5,809.86.
– The Dow Jones Industrial Average declined by 140.59 points, or 0.3%, closing at 42,374.36.
– The Nasdaq composite rose by 138.83 points, or 0.8%, ending at 18,415.49.
– The Russell 2000 index, which tracks smaller companies, gained 5.08 points, or 0.2%, concluding at 2,218.92.

Looking back at the week:

– The S&P 500 has decreased by 54.81 points, or 0.9%.
– The Dow has dropped by 901.55 points, or 2.1%.
– The Nasdaq has fallen by 74.07 points, or 0.4%.
– The Russell 2000 has seen a decrease of 57.17 points, or 2.5%.

On a year-to-date basis:

– The S&P 500 has increased by 1,040.03 points, or 21.8%.
– The Dow has risen by 4,684.82 points, or 12.4%.
– The Nasdaq has gained 3,404.13 points, or 22.7%.
– The Russell 2000 has improved by 191.85 points, or 9.5%.