Tesla helped the S&P achieve its first winning day in three and the Nasdaq break its four-day losing streak, despite Nvidia dropping 1.3%.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribethat will regulate self-driving vehicles. The regulatory framework would make adoption of self-driving cars much easier. CNBC could not independently verify the report.. Shares closed 16% higher and were up over 39% in after-hours trading.
However, Tesla — which has mostly seen large gains since Trump won the elections — managed to more than make up for Nvidia's loss. Tesla shares jumped 5.6%, contributing to a 0.62-point increase in the S&P and 47-point rise in the Nasdaq. "The market is set up well for equities, and investors are not going to see the pullback they want," said Andrew Slimmon, Morgan Stanley Investment Management's head of the applied equity advisors team.
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