Stocks on a roller-coaster ride | GDP leaps 6.9% | Tesla shares sink

Roller-coaster action in equity markets persisted Thursday.

VIEW IN BROWSER | SUBSCRIBE THU, JAN 27, 2022 EVENING BRIEF AS OF THU, JAN 27, 2022 • 05:05 ET DJIA 34160.78 -0.02% -7.31 S&P 500 4326.51 -0.54% -23.42 NASDAQ 13352.78 -1.40% -189.34   Most Active DOW NAME LAST CHG %CHG AAPL 159.22 -0.47 -0.29% INTC 48.05 -3.64 -7.04% MSFT 299.84 +3.13 +1.05% S&P 500 NAME LAST CHG %CHG AMD 102.60 -8.11 -7.33% AAPL 159.22 -0.47 -0.29% F 19.55 -0.36 -1.81% NASDAQ NAME LAST CHG %CHG AMD 102.60 -8.11 -7.33% AAPL 159.22 -0.47 -0.29% INTC 48.05 -3.64 -7.04%   EDITOR'S NOTE Roller-coaster action in equity markets persisted Thursday as investors weighed the Federal Reserve's latest policy update, better-than-expected economic growth and corporate earnings.   The Dow Jones Industrial Average closed the day little changed, while the S&P 500 and Nasdaq Composite both finished the session lower. All three major indexes traded in positive territory earlier Thursday.   "The volatility is making people exhausted and with the macro narrative in such flux (the most uncertain it's been in two years), investors have zero conviction," Vital Knowledge's Adam Crisafulli said in a note.   U.S. gross domestic product rose 6.9% from the year prior, the Commerce Department reported Thursday, better than economists experienced.   On the downside, shares of Intel and Tesla dragged on the S&P 500 and Nasdaq. Both companies issued quarterly earnings beats on Wednesday.   Looming over markets was the Fed's announcement Wednesday that an interest rate hike could come soon, with Chair Jerome Powell saying the central bank has "quite a bit of room" to raise rates.   Hannah Miao | CNBC Associate Markets Reporter @HannahMiao_ Watch our live stream for all you need to know to invest smarter. TOP NEWS  S&P 500 closes lower, gives up earlier gains as volatility continues GDP grew at a 6.9% pace to close out 2021, stronger than expected despite omicron spread Tesla drops more than 11% as investors digest new vehicle delays These are the stocks to buy and avoid as rates rise, Jefferies says Biden vows a Black woman will replace Supreme Court Justice Stephen Breyer, aims to unveil pick in February This Goldman pricing-power portfolio could win if inflation stays high The fund that made $700 million on GameStop knew it was time to sell after an Elon Musk tweet Robinhood shares tank after it loses users, forecasts weak revenue Republican billionaire Ken Langone donated to Joe Manchin's PAC after senator opposed Biden's Build Back Better Act Kremlin offers frosty response to Blinken letter as world waits for Putin's next move   TOP VIDEO Ackman takes a big stake in Netflix, excited about company's long-term prospects   CNBC PRO Stanley Druckenmiller says listen to the bond market. Here's what that means   SPECIAL REPORTS Why the stock market hates the idea of rising interest rates 'It's anguish, it's pain, it's agony' – here's what it's like to shop for a home in today's tight housing market   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS