Wall Street hangs near records amid a deluge of corporate earnings
NEW YORK (AP) — Wall Street is hanging near its records, but the market’s calm surface hid some roiling moves underneath.
Alphabet is rallying early Thursday, and Tesla is sinking following a jumble of profit reports from big U.S. companies.
The S&P 500 was up 0.2% after setting an all-time high the day before. The Dow Jones Industrial Average was down 310 points, and the Nasdaq composite was up 0.4%. Alphabet climbed after the company behind Google and YouTube delivered a fatter profit than analysts expected.
Tesla sank after reporting another plunge in profit as the fallout from CEO Elon Musk’s politics continues to repel buyers.
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