Stock Market Today: Stocks Sluggish, But Nasdaq Claws Out a Fresh High 

Mixed signals on the economic front mostly muted the broader indexes, but a strong day from Tesla helped get the Nasdaq over the hump yet again.

A white Tesla vehicle
(Image credit: Getty Images)

A so-so set of economic data didn't give investors much to get excited about Wednesday, but the Nasdaq Composite still managed to post another new high thanks to a strong day from Tesla (TSLA).

A day after existing-home sales came up weak, the Census Bureau reported a 5.9% month-over-month decline in new-home sales, to 769,000, which drooped well below the consensus estimate for 873,000 in the month.

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Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.


Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 


You can check out his thoughts on the markets (and more) at @KyleWoodley.