The Globe and Mail reports in its Friday edition that Nasdaq and the S&P 500 gained on Thursday, driven by Tesla's positive earnings forecast and a decline in Treasury yields from a three-month high. A Reuters dispatch to The Globe says the Dow and the S&P/TSX Composite Index ended lower. Tesla soared 21.9 per cent, with the EV maker adding more than $140-billion (U.S.) to its market capitalization after it reported robust third-quarter profits and surprised investors with a prediction of 20-per-cent to 30-per-cent sales growth next year. This helped take the consumer discretionary sector 3.24 per cent higher. The benchmark S&P 500 posted its first daily gain this week. However, most of the S&P sectors were in the red as other earnings reports and pressure from lower, but still high, Treasury yields weighed. The yield on the benchmark U.S. 10-year Treasury note eased on the day, at 4.2 per cent, after reaching a three-month high the day before. The S&P/TSX composite ended down 22.07 points at 24,551.55, extending its pullback from a record closing high last Friday. It was the longest daily losing streak since September. Technology got a lift from Celestica, which enjoyed an 18.3-per-cent jump.
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