The S&P 500 ended higher as investors digested key earnings reports, with upbeat comments from Tesla helping to offset a disappointing forecast from Microsoft.
🌱 The Fed on Wednesday kept interest rates unchanged and removed language acknowledging easing inflation from its latest policy meeting statement.
🌱 Tesla CEO Elon Musk shared plans to launch long-awaited cheaper models in the first half of 2025 and start testing an autonomous ride-hailing service in June. The comments overshadowed its quarterly results that fell short of expectations.
🌱 Meta shares gained after the company’s fourth quarter revenue beat analyst forecasts.
🌱 Microsoft shares fell after the company forecast disappointing growth in its cloud computing business.