The stock market is trading higher midday, modestly recovering from earlier losses this week.

The S&P 500 added 0.26%, while the tech-heavy Nasdaq Composite climbed 0.74%. The Dow Jones Industrial Average lost 0.37%. The Russell 2000 Index rose 0.14%.

S&P 500 big stock movers today

Five S&P 500 stocks making big midday moves are:

• Molina Healthcare  (MOH)  +21.8%

• Tesla  (TSLA)  +20.0%

• CBRE Group  (CBRE)  +9.7%

• Align Technology  (ALGN)  +7.3%

• Tyler Technologies  (TYL)  +7.1%

The worst-performing five S&P 500 stocks with the largest midday drop are:

• Newmont Corporation  (NEM)  -14.3%

• Teradyne  (TER)  -9.0%

• IQVIA  (IQV)  -8.2%

• Carrier Global  (CARR)  -7.5%

• Textron  (TXT)  -6.7%

Stocks also worth noting include:

• Nvidia  (NVDA)  +0.2%

• Alphabet  (GOOGL)  +0.2%

• Coca-Cola  (KO)  -1.3%

• UPS  (UPS)  +4.8%

• Boeing  (BA)  -1.8%

Tesla soars on earnings beat

Tesla stock surged 20% after the company’s earnings for the third quarter were better than expected.

The company reported adjusted earnings per share of 72 cents, beating analysts’ forecast of 58 cents, making a “record Q3” for Tesla, chief executive Elon Musk said.

Related: Analysts overhaul Tesla stock price target after earnings blowout

However, revenue of $25.18 billion slightly missed the $25.37 billion expected.

Automotive revenue rose 2% to $20 billion, nearly flat since late 2022. Energy generation and storage revenue surged 52% to $2.38 billion, while services and other revenue increased 29% to $2.79 billion.

Tesla launched its self-driving Cybercab in early October. Musk now is targeting volume production of at least 2 million units annually by 2026.

Tesla also expects to see vehicle growth of 20% to 30% next year, Mush said in the earnings call.

Boeing slides after another labor contract fail

Boeing stock dropped 1.8% after its machinists rejected a new labor contract offering 35% wage increases, extending their strike that began on Sept. 13.

The union reported that 64% voted against the deal, which included a $7,000 bonus and increased 401(k) contributions. The rejection followed Boeing's announcement of a $6 billion quarterly loss.

Related: Analysts revamp Boeing stock price targets on strike deal

The strike has halted much of Boeing’s aircraft production, costing the company about $1 billion monthly and putting its credit rating at risk.

Boeing CEO Kelly Ortberg emphasized that ending the strike is a priority to get the company back on track, as Boeing faces ongoing financial challenges.