Stocks – Wall Street Mixed; Nasdaq Jumps on Upbeat Tech Earnings 

Investing.com – Nasdaq surged on Thursday after upbeat tech earnings from Microsoft (NASDAQ:) and Tesla (NASDAQ:), but other indices remained flat after lackluster results from bellwether companies on Wednesday.

The was down 23 points or 0.1% by 9:49 AM ET (13:49 GMT), while the was up nearly 5 points or 0.2% and the jumped 48 points or 0.6%.

Microsoft (NASDAQ:) jumped 1.7% after its cloud computing services forecast was better than expected, while Tesla (NASDAQ:) gained 16.8% on a surprise profit. PayPal (NASDAQ:) rose 9.3% after it raised its full-year outlook, with payment volume coming in above forecasts.

The outlier was social media company Twitter (NYSE:), which slumped 18% after posting disappointing third-quarter results. 3M (NYSE:) was also down, dipping 4% after it cut its full-year profit forecast.

Of the 124 S&P 500 companies that reported results up to Wednesday, more than 82% topped earnings estimates, according to Refinitiv data. Amazon (NASDAQ:), Intel (NASDAQ:) and Visa (NYSE:) are expected to report after the close.

Meanwhile trade remained in focus, after White House trade adviser Peter Navarro said the phase-one trade deal between Washington and Beijing would include much of an agreement scrapped in May around intellectual property. Earlier in the session, Bloomberg reported that China was willing to buy as much as $20 billion of American agricultural products in one year. That’s still less than it bought in 2016.

In commodities, the , which measures the greenback against a basket of six major currencies, was up 0.1% to 97.325 and gained 0.4% to $1,501.30 a troy ounce. were flat at $56.02 a barrel.

-Reuters contributed to this report

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.