Shares of technology companies rose as traders bet on an improving earnings outlook.
Tesla shares tumbled after Chief Executive Elon Musk tweeted that a widely touted deal with Hertz Global to provide the rental-car chain with a fleet of electric vehicles has not been signed.
Blackbaud, a cloud-computing company, is making permanent a remote-work approach implemented during the pandemic, the latest tech company to resist reversing pandemic policies.
Lyft shares rallied in late trading after the ride-hailing service's quarterly earnings topped Wall Street targets.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
11-02-21 1739ET
