The S&P 500 and Nasdaq Composite each rose a fraction of a percentage point Wednesday as Tesla shares drove them higher, but the Dow Jones Industrial Average fell slightly.

The $Nasdaq Composite Index gained 16.11 points (0.1%) to a 15,712.75 close, while the $S&P 500 Index added 1.08 ticks (0.02%) to a 5,071.63 finish.

However, the $Dow Jones Industrial Average inched down 42.77 points (0.1%) to 38,460.92.

The S&P 500 and Nasdaq rose in part of the strength of $Tesla (TSLA.US)$, which gained 12.1% as investors ignored an earnings miss that the EV giant revealed Tuesday after the bell. Wall Street instead focused on the company saying it plans to soon release its "robotaxi" and lower-priced car models.

MACRO

The U.S. government reported earlier Wednesday that March durable-goods orders rose 2.6% month over month vs. the 2.5% thjat economists had forecast.

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