Nasdaq Rises by 201 Points as US-China Leaders Prepare to Meet; Tesla Increases by Over 2%

Written by Emily J. Thompson, Senior Investment Analyst

Source: aastocks

Updated: Oct 23 2025

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Source: aastocks

US-China Meeting Impact: President Trump and President Xi are scheduled to meet at the APEC Summit, contributing to a rise in US stock markets, with the DJIA up 144 points, S&P 500 up 39 points, and Nasdaq up 201 points.
Tesla's Revenue Rebound: Tesla reported a 12% increase in 3Q revenue, ending a two-quarter decline, although earnings fell short of expectations, leading to a 2.3% stock increase.
IBM and American Airlines Performance: IBM exceeded 3Q earnings and revenue expectations, resulting in a 0.9% stock decline, while American Airlines reported a smaller-than-expected loss, boosting its stock by 5.6%.
Tech Stocks Movement: Major tech companies saw positive movements, with Oracle rising 2.7%, Nvidia and Amazon increasing by about 1%, and Apple gaining 0.4%.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.