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Tesla surged on mixed US stock exchange

» Published: 24 October 2024

Tesla surged on mixed US stock exchange
Photo: Peter Morgan/AP-TT

Leading indexes on the New York stock exchange went in different directions on Thursday – a report-dense day when electric car manufacturer Tesla surged and IT giant IBM fell hard.

Tesla, which the day before reported an unexpected profit increase, rose almost 22 percent. CEO Elon Musk predicted a sales increase of 20-30 percent next year, despite the revenues for the previous quarter not meeting analysts' forecasts.

IBM was one of the biggest losers on the stock exchange since the company presented a report where the turnover did not meet expectations. The share plummeted 6.2 percent.

Airplane manufacturer Boeing also fell, down 1.2 percent. Over 60 percent of the company's striking workers voted no to the employer's latest offer on wage increases – and the strike continues.

The broad S&P 500 index rose 0.2 percent, the Dow Jones industrial index fell 0.3 percent, and the Nasdaq's technology-heavy composite index went up 0.8 percent.

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By TTThis article has been altered and translated by Sweden Herald

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