Home HomeSwedenLivingWorld world_2_fill WorldBusiness BusinessSports sports-soccer SportsEntertainmentEntertain

Tesla surged on mixed US stock exchange

» Published: Today, 22:04

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.

Tags
TTT
By TTThis article has been altered and translated by Sweden Herald

More news

Major Banks' Profits Increase Again
3 MIN READ

Major Banks' Profits Increase Again

Upturn for the economy in the USA
1 MIN READ

Upturn for the economy in the USA

Setback for LKAB – new facility in Luleå
1 MIN READ

Setback for LKAB – new facility in Luleå

20 million in support to Northvolt suppliers
1 MIN READ

20 million in support to Northvolt suppliers

Northrop Grumman raises its forecast
1 MIN READ

Northrop Grumman raises its forecast

Klarna top executive forced to leave the board
2 MIN READ

Klarna top executive forced to leave the board

Unexpectedly high profit for Stockholm Stock Exchange owners
1 MIN READ

Unexpectedly high profit for Stockholm Stock Exchange owners

Sold at a loss for Harley-Davidson – forecast lowered
1 MIN READ

Sold at a loss for Harley-Davidson – forecast lowered

Final Repository for Nuclear Fuel Approved by Court
2 MIN READ

Final Repository for Nuclear Fuel Approved by Court

Billion Fines for Linkedin
1 MIN READ

Billion Fines for Linkedin

The market convinced of double rate cut
1 MIN READ

The market convinced of double rate cut

Strong increase in Swedish greenhouse gas emissions
2 MIN READ

Strong increase in Swedish greenhouse gas emissions

Slowdown in the Eurozone - Despite German Turnaround
2 MIN READ

Slowdown in the Eurozone - Despite German Turnaround

Jysk closes down – employees get to party
2 MIN READ

Jysk closes down – employees get to party

Skandia lowers mortgage rates
1 MIN READ

Skandia lowers mortgage rates

Unexpected profit boost for Attendo
1 MIN READ

Unexpected profit boost for Attendo

Kardashian's successful brand opens in Sweden
1 MIN READ

Kardashian's successful brand opens in Sweden

Strong increase in Swedish climate emissions
1 MIN READ

Strong increase in Swedish climate emissions

Profit boost for school company
1 MIN READ

Profit boost for school company

Trelleborg Expects Lower Demand Ahead
1 MIN READ

Trelleborg Expects Lower Demand Ahead