Tesla keeps Nasdaq afloat, AT&T forecast weighs on S&P 500

July 21 (Reuters) – The Nasdaq rose on Thursday as electric automaker Tesla topped Wall Street’s profit target, while the benchmark S&P 500 edged lower due to losses in telecom stocks after AT&T cut its cash flow forecast.

Tesla rose 5.5% as its quarterly profit benefited from a string of price increases for its cars and helped offset production challenges. read more