US stocks opened broadly unchanged on Wednesday as investors awaited the earnings results from electric vehicle giant Tesla later on today.
Wall Street analysts anticipate the Elon Musk-owned company will announce positive earnings, following robust sales in the third quarter. This sales surge occurred as American consumers rushed to avail themselves of an EV tax allowance that had been reduced by President Donald Trump.
At 09:30 a.m. the Dow Jones Industrial Average rose 6.14 points, or 0.01%, to 46,930.88, the S&P 500 gained 2.53 points, or 0.04%, to 6,737.88 and the Nasdaq Composite lost 19.34 points, or 0.08%, to 22,934.33.
Netflix shares plunged 8.2% after missing earnings expectations.
Beyond Meat stock further climbed 48.9%, a day after the plant-based meat maker’s shares surged 146%.