Wall Street Opens Higher After Strong GDP Data; Tesla Slides on Growth Warning

Wall Street Opens Higher After Strong GDP Data; Tesla Slides on Growth Warning
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City on Jan. 23, 2024. Brendan McDermid/Reuters
Reuters
Updated:

Wall Street’s main indexes opened higher on Thursday after a strong economic growth print boosted hopes of a likely soft landing, while Tesla sank on warning of slower growth.

The Dow Jones Industrial Average rose 56.18 points, or 0.15 percent, at the open to 37,862.57. The S&P 500 opened higher by 18.11 points, or 0.37 percent, at 4,886.66, while the Nasdaq Composite gained 73.70 points, or 0.48 percent, to 15,555.62 at the opening bell.