After a robust earnings report from Tesla Inc., (NASDAQ:TSLA), major Wall Street indices traded neutral Thursday. Early trading had the Nasdaq Composite up 0.5%, the S&P 500 rising 0.2%, and the Dow Jones Industrial Average declining 0.3%.

Following its break of a run of missing earnings projections, Tesla's shares jumped 14.5%, underscoring its positioning in the EV space. The strong performance of the electric automaker stood out against general market mood after Wednesday's drop in consumer discretionary sectors and technology.

• Warning! GuruFocus has detected 4 Warning Sign with TSLA.

Bond yields also dipped somewhat; the 2-year yield dropped 2 basis points to 4.07% and the 10-year Treasury yield dropped 2 basis points to 4.23%. With dropping bonds and share prices, Deutsche Bank strategist Jim Reid observed that markets kept a three-day slide suggesting investor caution before approaching elections.

Reid also mentioned that given recent solid earnings reports from some well-known corporations, investors might be changing their expectations for aggressive Federal Reserve rate reduction. Strong performances of other companies helped to boost market sentiment, calming worries about the current sell-off.

This article first appeared on GuruFocus.