Tesla Holds Up the Nasdaq; Costco Gets the Buffett Boot

The stock market gave a little ground back after an impressive bull run in recent days. But the Nasdaq Composite (NASDAQINDEX: ^IXIC) was able to overcome the downward pressure better than other major market benchmarks. By 1 p.m. EST, the Nasdaq was actually up on the day, having stayed relatively close to the unchanged mark for much of the late-morning hours.

Helping to keep the Nasdaq supported was Tesla (NASDAQ: TSLA), which soared after getting some long-awaited news. Perhaps more surprising was that investors in Costco Wholesale (NASDAQ: COST) weren't more disappointed, as the stock managed to gain ground despite getting a vote of no confidence from no less than legendary investor Warren Buffett.

Shares of Tesla were up 9% Tuesday afternoon. Investors were pleased that the electric-auto maker finally got word that it would be included in the S&P 500 index as of Dec. 21.

Source Fool.com