Tesla, IBM and Meta Platforms helped lead most U.S. stocks higher on Thursday following a rush of profit reports from some of the country’s most influential companies. The S&P 500 rose 0.5%, as four out of every five stocks in the index climbed.

U.S. stocks slipped after the Federal Reserve held its main interest rate steady and broke a run of cuts that began in September

One analyst warns of the potential for even more pressure on automotive gross margins. But another says moonshot ventures finally look poised to take off.

Tesla shares rallied Thursday even after delivering a fourth-quarter earnings report that fell short of expectations and sealed a second consecutive year of declining profits, as investors focused on bullish commentary from Tesla CEO Elon Musk and updated production timelines,