Stock market today: Stocks rise as GDP growth beats, Tesla slides

News Snapshot:

US stocks rose on Thursday despite downbeat earnings from Tesla (TSLA) and following a hotter-than-expected US economic growth reading. Dow Jones Industrial Average (^DJI) opened 0.2% higher, while the S&P 500 (^GSPC) rose 0.4% following the benchmark's fourth-in-a-row record close logged on Wednesday. Stocks in the tech-heavy Nasdaq 100 (^NDX) rose about 0.5%. An advance estimate of fourth quarter US gross domestic product (GDP) released on Thursday morning showed the economy grew at an annualized pace of 3.3% during the period, much faster than the annualized pace of 2% expected by economists. Tesla warned of "notably" slower EV production growth...