The S&P 500 and Nasdaq Composite closed higher on Thursday as EV maker Tesla had its best day in a decade, while the Dow Jones Industrial Average extended its losing streak to four days.

The Nasdaq jumped on Thursday, driven by Tesla's positive earnings forecast, which buoyed market sentiment despite declines from other corporate results and pressure from rising Treasury yields. Shares of the company soared 19%,

Wall Street is holding steadier on Thursday, thanks in part to a surge for Tesla’s stock. The S&P 500 was 0.3% higher in morning trading and on track to break its first three-day losing streak since early September.