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Daily Wrap: August 8, 2013

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August 08, 2013 AT 1:57 PM
After the markets crossed into negative territory earlier in the day, bullish investors were able to stop the bleeding and push the market higher this afternoon. Investors had a number of big earnings reports to review, but the headline story for today was Telsa Motors (TSLA) reporting a stronger second quarter than many had anticipated, as well as the promise to be profitable going forward.