Stock Market Update

[BRIEFING.COM] The major averages hold on to their solid opening gains as midday approaches. 

Ford Motor (F 13.56, +1.22, +9.90%) is the top moving name in the S&P 500 today after a beat-and-raise Q3 earnings report. The company announced plans to create up to 1,000 jobs to increase F-Series production volume to recover losses due to the Novelis aluminum plant fire and fulfill strong customer demand.

Meanwhile, Tesla (TSLA 438.61, -10.37, -2.31%) moves lower today, keeping the consumer discretionary sector (+0.1%) near its baseline. Yesterday, the stock reversed an early loss after reporting an earnings miss, closing 2.3% higher.