Tesla Motors Inc., the electric-car maker run by Elon Musk, surged as much as 12 percent on investor confidence in Musk’s plan to boost his stake in the company that’s selling as much as $830 million in shares and debt.
BlackBerry dropped the most in almost a month after Pacific Crest Securities said the Canadian smartphone maker may have to cut back production of its BlackBerry 10 devices because of lower-than-expected sales.
Microsoft Corp.’s third-quarter profit exceeded analysts’ estimates, buoyed by cost controls and sales of business and server software amid weak demand for personal computers running the new Windows 8 operating system.
JinkoSolar Holding Co. and First Solar Inc. were among solar companies that surged after four U.S. senators introduced legislation that would let renewable- energy projects qualify for a tax-advantaged corporate structure currently used by oil, natural gas and pipeline projects.
Tesla Motors Inc., the maker of electric cars led by billionaire Elon Musk, surged to a record closing price after Morgan Stanley raised its outlook for deliveries of the company’s battery-powered Model S.
The Standard & Poor’s 500 Index rebounded to within two points of its record after orders for U.S. durable goods climbed more than forecast in February and home prices increased the most since June 2006.