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VOL. 48 | NO. 16 | Friday, April 19, 2024
Tesla cruises higher as most of Wall Street drifts in mixed trading
NEW YORK (AP) — U.S. stocks drifted to a mixed finish. The S&P 500 closed little changed Wednesday after a two-day winning streak erased nearly two-thirds of last week's steep loss.
The Dow Jones Industrial Average fell 0.1%, and the Nasdaq composite edged up 0.1%.
Tesla jumped after saying the night before that it would accelerate production of more affordable vehicles. Norfolk Southern stumbled after reporting weaker results than expected, as did Teledyne Technologies.
Treasury yields rose in the bond market following the latest report on the U.S. economy to come in hotter than forecast.
Orders for long-lasting durable goods strengthened more than expected.