<p>The S&P 500 finished at a record Thursday following another round of mostly solid earnings from Tesla and others, even as weak IBM results weighed on the Dow.</p>.<p>The broad-based S&P 500 climbed 0.3 per cent to 4,549.78, its first record close since early September as Tesla, American Airlines and Union Pacific all climbed following earnings.</p>.<p>The tech-rich Nasdaq Composite Index advanced 0.6 per cent to 15,215.70, while the Dow Jones Industrial Average was flat at 35,603.08.</p>.<p><strong>Read more: <a href="http://Dutch forensic lab says it has decoded Tesla's driving data Read more at: https://www.deccanherald.com/business/dutch-forensic-lab-says-it-has-decoded-teslas-driving-data-1042848.html" target="_blank">Dutch forensic lab says it has decoded Tesla's driving data </a></strong></p>.<p>Equities have been rallying over the last week following a run of good earnings reports that have offset worries about higher US inflation causing a shift to more restrictive monetary policy.</p>.<p>New unemployment claims fell 6,000 to 290,000, seasonally adjusted, in the week ended October 16, the lowest level since March 14, 2020 when it was 256,000.</p>.<p>That was just before the spread of Covid-19 sent them surging into the millions amid mass layoffs, the Labor Department reported.</p>.<p>The yield of the 10-year US Treasury note pushed higher, a trend that highlights the lingering risk of inflation. Countering that is investor "fear of missing out" on further stock market gains, analysts say.</p>.<p>The end of the year is traditionally a strong season for stocks.</p>.<p>Among individual names Tesla jumped 3.3 per cent after reporting that third-quarter profits more than quadrupled on sharply higher sales despite supply chain problems that continue to challenge automakers.</p>.<p>WeWork surged 13.5 per cent in a buoyant debut on the Nasdaq two years after a previous attempt by the office-sharing company to go public disintegrated in spectacular fashion.</p>.<p>But IBM dove 9.6 per cent after reporting lower-than-expected sales as the tech giant cited slowing spending by some clients.</p>
<p>The S&P 500 finished at a record Thursday following another round of mostly solid earnings from Tesla and others, even as weak IBM results weighed on the Dow.</p>.<p>The broad-based S&P 500 climbed 0.3 per cent to 4,549.78, its first record close since early September as Tesla, American Airlines and Union Pacific all climbed following earnings.</p>.<p>The tech-rich Nasdaq Composite Index advanced 0.6 per cent to 15,215.70, while the Dow Jones Industrial Average was flat at 35,603.08.</p>.<p><strong>Read more: <a href="http://Dutch forensic lab says it has decoded Tesla's driving data Read more at: https://www.deccanherald.com/business/dutch-forensic-lab-says-it-has-decoded-teslas-driving-data-1042848.html" target="_blank">Dutch forensic lab says it has decoded Tesla's driving data </a></strong></p>.<p>Equities have been rallying over the last week following a run of good earnings reports that have offset worries about higher US inflation causing a shift to more restrictive monetary policy.</p>.<p>New unemployment claims fell 6,000 to 290,000, seasonally adjusted, in the week ended October 16, the lowest level since March 14, 2020 when it was 256,000.</p>.<p>That was just before the spread of Covid-19 sent them surging into the millions amid mass layoffs, the Labor Department reported.</p>.<p>The yield of the 10-year US Treasury note pushed higher, a trend that highlights the lingering risk of inflation. Countering that is investor "fear of missing out" on further stock market gains, analysts say.</p>.<p>The end of the year is traditionally a strong season for stocks.</p>.<p>Among individual names Tesla jumped 3.3 per cent after reporting that third-quarter profits more than quadrupled on sharply higher sales despite supply chain problems that continue to challenge automakers.</p>.<p>WeWork surged 13.5 per cent in a buoyant debut on the Nasdaq two years after a previous attempt by the office-sharing company to go public disintegrated in spectacular fashion.</p>.<p>But IBM dove 9.6 per cent after reporting lower-than-expected sales as the tech giant cited slowing spending by some clients.</p>