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Tesla-04 (1)

US markets mixed; Tesla rose on record Q1 results; Procter & Gamble rallied on Q3 results

  • The Nasdaq fell 1.22% to close Wednesday’s session at 13,453 points.
  • Tesla rose 4.75% after-hours on Q1 results including record revenue.
  • Procter & Gamble rose 2.66% on Q3 results that beat expectations.

The US markets closed mixed on Wednesday as investors responded to mixed earnings results released from a number of big corporations.

The Dow Jones rose 0.7% to finish the trading day up 250 points to close at 35,161 points.

The tech heavy NASDAQ fell 1.22% to finish the trading day down 167 points to close at 13,453 points.

One bitcoin is worth US$41,501 going into the Asian trading day.

The Australian dollar is stronger against the major currencies and is buying 74.46 US cents.

Tesla rallied 4.7% in after-hours trade following the release of the EV giant’s first quarter results. Despite supply chain issues impacting operations, Tesla still managed to report record revenue of US$18.76bn, delivered 310,000 vehicles and opened new factories in Berlin and Austin.

Shares in US-based multinational consumer goods corporation Procter & Gamble jumped 2.66% yesterday after the company released better-than-expected third quarter results. For the period, P&G reported EPS of US$1.33/share on revenue of US$19.38bn. P&G said health care was the top-performing division during the quarter, helped by a stronger cold and flu season as well as new product lines.

And Netflix has hinted at a stronger crackdown on password sharing through finding a ‘customer centric solution’ after the streaming giant lost 200,000 subscribers in the first quarter.

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