U.S. Economy Shows Resilience with Strong GDP Growth, Though Tesla Earnings Weigh on Stocks
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U.S. GDP grew at 3.3% pace in Q4, topping estimates and signaling economic resilience.
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Tesla stock plunged 12% on light earnings, margins despite better-than-expected vehicle deliveries.
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Paramount shares jumped on report that Skydance Media is considering taking the company private.
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Major indexes closed higher as strong GDP data outweighed negative reaction to TSLA earnings.
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Fed rate cut hopes for March fade further as recent data echoes economy's underlying strength.