Markets Close Just Below Record Highs as Tesla Keeps Growing

·3 min read
Markets Close Just Below Record Highs as Tesla Keeps Growing

The stock market continued to gain ground on Wednesday, with the Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) closing just shy of their record levels. A modest decline for the Nasdaq Composite (NASDAQINDEX: ^IXIC) showed some of the anxiety that investors have about inflationary pressure and rising interest rates, which could weigh on valuations for high-growth stocks. When Tesla (NASDAQ: TSLA) is up to bat with earnings results, many investors pay close attention, and coming into Wednesday afternoon's release of third-quarter financial information, expectations were high that the electric vehicle pioneer would be able to sustain its strong momentum.

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