Stocks Rebound on Fed Comments But Gains Fade; Tesla and Netflix Earnings React Sharply

Indexes rebounded after comments from Fed Chair Jerome Powell suggested the central bank may continue to pause interest rate hikes.

Major indexes jumped on Powell's remarks but soon gave back gains and were back down around midday. Volume rose on NYSE and Nasdaq.

Tesla stock missed Q3 profit and sales expectations. CEO Elon Musk tempered expectations about the Cybertruck program.

Netflix jumped after beating profit expectations and seeing a surprisingly strong gain in subscribers in Q3.

Blackstone gapped down after missing Q3 profit and revenue expectations. The stock has made a sell signal.