00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Tesla shares jumped Thursday as a technology rally fueled by Microsoft's blowout quarterly results
00:08lifted high beta stocks, while the electric vehicle maker also benefited from an oversold
00:13bounce after drifting toward its July lows, according to Benzinga. Microsoft topped quarterly
00:19earnings and revenue estimates as Azure cloud revenue surged 43%. Technology led all sectors
00:26with a 5.24% gain, lifting high beta stocks, including Tesla, while consumer discretionary
00:32ranked second with a 0.66% advance. Thursday's rebound did not change Tesla's bearish technical
00:40outlook, with shares still trading well below their 20-day, 50-day, and 200-day moving averages.
00:47Shares were up by 4.52% at 311.80 in Friday's pre-market trading, according to Benzinga Pro.
00:54For all things money, visit Benzinga.com.
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