U.S. stocks inched higher Wednesday, with the S&P 500 hitting another all-time high.
The S&P 500 gained 0.5%, marking its third record close in four days. The Nasdaq rose 0.9%, while the Dow Jones Industrial Average slipped slightly, down 10 points, or less than 0.1%.
Tesla helped lift the market, climbing 5% after reporting deliveries of nearly 374,000 Model 3 and Model Y vehicles last quarter—topping analyst expectations, despite a 13% year-over-year drop in total sales. Some concerns remain over CEO Elon Musk’s political involvement potentially affecting the brand’s appeal.
Constellation Brands also advanced 4.5%, even though it posted earnings below analyst estimates. The company cited slower job growth in construction and other physically demanding sectors—areas that typically drive demand for its beer products.
