The S&P 500 added 0.2% on Thursday, Oct. 24, 2024, following strong quarterly results from Tesla and a slew of other corporate earnings. This positive momentum comes after a week of mixed performance, with traders closely watching the health of the world's largest companies.
Stocks rose for the first time this week, with traders parsing a slew of corporate earnings for clues on the health of the world's largest. General Motors stock rallied after raising outlook, while GE Aerospace slid, highlighting the mixed bag of results.
Molina Healthcare easily beat quarterly estimates for earnings and revenue, adding to the positive sentiment in the market. However, U.S. stocks fell on Wednesday, extending Wall Street's losing streak as the market struggled under the weight of rising challenges.