It was a mixed day for investors as the Dow Jones fell more than 200 points and the Nasdaq jumped after Tesla’s better-than-expected earnings report. In the afternoon, the Dow Jones fell 203 points, or 0.4%, to 42,311. Meanwhile, the Nasdaq and S&P 500 rose 0.6% and 0.1%, respectively.

This means that eyes are on Capital One (COF-0.91%), which will report its earnings after the closing bell.

Tesla shares rise 20% after strong earnings results

Teslas (TSLA+20.47%) stock remained strong in trading on Thursday after the company reported profits which largely surprised Wall Street, and Elon Musk issued a new round of optimistic predictions. It is the first time in seven quarters – that’s almost two years – that Tesla has seen its profits rise.

The automaker reported improved operating profit margins, automotive gross profit margins excluding regulatory credit benefits, and better earnings per share than analysts expected for the July-September quarter. It also reported better-than-expected net revenues and its lowest cost per goods sold ever, at about $35,100 per vehicle.

IBM drops more than 6% after disappointing profit figures

IBM(IBM-6.78%) shares fell 6% as a company third quarter figures announced that fell short of Wall Street’s revenue expectations. While adjusted earnings per share came in at $2.30, slightly above the expected $2.23, revenue was $14.97 billion, missing the $15.07 billion forecast. This mixed performance reflects ongoing challenges within the technology sector.

–William Gavin contributed to the article