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Markets muted, Tesla charges up

Markets were muted as COVID-19 cases continue to increase around the globe, while Tesla closed up more than 8% on news it would join the S&P 500 next month.
Markets muted, Tesla charges up Markets muted, Tesla charges up Markets muted, Tesla charges up Markets muted, Tesla charges up Markets muted, Tesla charges up

Shares in EV maker Tesla closed higher

Staff reporter

US retail sales figures for October were up 0.3% from September but lower than forecasts of 0.5%.

The country's industrial production rose 1.1% in October but was still 5.6% lower than its pre-pandemic February level.

The S&P 500 closed 0.48% lower, the FTSE 100 lost 0.87% but Japan's Nikkei 225 was up 0.42%.

Market futures were mixed.

The gold price was about US$1,881 an ounce on the spot market.

Standard Lithium (TSXV: SLL), which started operations at its direct lithium extraction demonstration plant in Arkansas in September, closed up 21% to a 52-week high.

Among the mining majors, Barrick Gold closed 1.89% lower in Toronto, Antofagasta fell 4.32% in London and BHP was down slightly in morning Australian trade.