Meta Platforms and most other U.S. stocks are rising, but drops for Nvidia and Microsoft are weighing on the market. The S&P 500 rose 0.3% in afternoon trading Thursday.

Asian stocks advanced Wednesday in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek faded. Most markets in Asia were closed for holidays.

Coverage and analysis of electric vehicle maker Tesla's fourth-quarter financial results, Q&A call, and the stock's reaction.

After an initial drop, Tesla stock has turned higher, up almost 4% in after-hours trading at $403 a share. Any disappointment with fourth-quarter margins has faded probably because of the outlook for 2025.

Tesla missed top-line estimates and reported $25.71 billion vs $27.27 billion expected. TSLA shares went down 6% immediately. Expectations were elevated after the stock went on a monster run. The EPS came in at $0.

Microsoft reported second-quarter earnings and revenue that beat Wall Street estimates on Wednesday. The company said earnings were $3.23 a share on revenue of $69.6 billion. Analysts surveyed by FactSet were expecting earnings of $3.

Key Takeaways Microsoft is scheduled to report its fiscal second-quarter results after the closing bell Wednesday.Morgan Stanley analysts said a "wall of worry" has created a potentially attractive entry point for the stock.