Wall Street Steady as Tesla Rises, Nvidia Earnings Anticipated

The Nasdaq and S&P 500 closed higher as investors anticipate Nvidia's upcoming earnings report, which is expected to significantly impact the S&P 500's EPS growth. Tesla's stock surged 5.6% on news of potential policy changes favoring self-driving cars under the incoming Trump administration. Despite recent losses, the market remains optimistic, with energy and consumer discretionary stocks leading gains. Investors are also closely watching major retailers' results to assess U.S. consumer strength ahead of the holiday season.