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US stocks edge back from their records as oil prices swing higher [Globe and Mail, The (Toronto, Canada)]
Last tesla, inc. earnings: 4/29 04:11 pm
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US:NASDAQ Investor Relations: ir.tesla.com
companies . Oil prices, meanwhile, are swinging higher on continued uncertainty about what will happen next in the war with Iran The S&P 500 slipped 0.1% following a big rally that erased all its losses because of the war and then carried it to records. The Dow Jones Industrial Average was down 71 points, or 0.1%, as of 10:15 a.m. Eastern, and the Nasdaq composite was 0.5% lower after setting its own record. Tesla dragged on the market and fell 4.3% even though it reported better results for the latest quarter than analysts expected. Investors may be focusing instead on Tesla's increased forecast for spending this year, as it builds factories to make robots and other products. “You should expect to see a very significant increase in capital expenditures,” Elon Musk told investors late Wednesday, “but I think well justified for a substantially increased future revenue stream.” ServiceNow dropped even more, 16.2%, even though its results for the latest quarter matched analysts'
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