Ford Motor CEO Jim Farley has urged investors to shift their focus from Tesla to Ford's "Pro" unit, which he believes is the future of the auto industry.
US stocks surge on strong earnings and speculation of Fed rate cuts. S&P 500 rebounds past 5000, Nasdaq 100 pauses. Small caps outperform. Tesla, Wells Fargo, and CBRE rally on positive news while Deer & Antero Resources shares drop. Other companies react to earnings.