All three major U.S. stock indexes ended a choppy session higher, with Nasdaq taking the lead, buoyed by Tesla earnings which beat market estimates and upbeat sales forecast
showed the U.S. economy fared better in the fourth quarter than analysts expected, and the labor market remains tight, despite some signs of weakening demand. This is a double-edged sword for investors, as it could embolden the Fed to keep key interest rates at restrictive levels for longer.
"The economic data had something in it for everybody; for the dreamers who think the economy is just slow enough to put the Fed on hold, and the pessimists who think growth is still too hot for the Fed to step away," said David Carter, managing director at JPMorgan Private Bank in New York.
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