Market Update: Dow Jones Rallies, Tesla Slides, and Stocks Make Pre-Market Moves

The Dow Jones Industrial Average rose 250 points after the release of key inflation data and the Labor Department's initial jobless claims. Tesla's Cybertruck delivery event began, while Salesforce surged on strong earnings results. The Commerce Department's personal income and outlays report showed that personal income rose 0.2% in October, in line with estimates. First-time unemployment claims rose to 218,000. Tesla's event raised questions about pricing and specifications. Salesforce jumped 9% on strong earnings, while other key earnings movers included Five Below, Pure Storage, Synopsys, and Snowflake. The Dow Jones Industrial Average rose 0.8%, the S&P 500 moved up 0.1%, and the Nasdaq composite moved down 0.1%. Oil prices rose, and the yield on the 10-year U.S. Treasury bond ticked higher.