(New York, NY) — Wall Street is closing with two record highs. The Nasdaq and the S&P 500 both hit new records after major companies reported strong earnings from the third quarter. Tesla continued to see its shares rise after beating earnings expectations, climbing up by nearly four-percent. Ford was the major standout of the day as its shares jumped by more than eight-and-a-half-percent. Almost half of the S&P 500 has reported third quarter earnings with a majority of them coming in above expectations. At the closing bell, the Dow Jones Industrial Average gained 239 points to 35-730. The S&P 500 jumped by 44 points to 45-96. The Nasdaq rose by 212 points to 15-448.
Earnings season does have some weak spots as Northrup Grumman and eBay saw there shares fall after their quarterly reports came in below expectations. Meantime, a disappointing economic report was released today with GDP growth for the third-quarter coming at two-percent. That was below the expectation of two-point-eight-percent.