Stock Market Update

[BRIEFING.COM] We're almost there. That is, the Dow, Nasdaq, and S&P 500 have nearly made up the entirety of yesterday's losses. Those weren't small losses either. The Dow dropped 971 points, the Nasdaq fell 415 points, and the S&P 500 relinquished 124 points.

It is nice to see the rebound action, but the roller-coaster action has been disorienting for many market participants, who continue to be gripped by policy uncertainty, market volatility, and both economic and earnings angst.

Tesla (TSLA 238.34, +10.84, +4.8%) is the headliner reporting earnings after today's close. Expectations are relatively low going into the report. Coming into today, TSLA was down 43.7% since the start of the year. The company's results and outlook will clearly be important, but perhaps even more important for now will be the stock's reaction to the report.

Tesla's strength today has helped carry the S&P 500 consumer discretionary sector (+3.3%) to the top of the sector performance list.