Contracts tied to the S&P 500 gained 0.3%. Futures for the technology-heavy Nasdaq added 0.7%. Futures for the Dow Jones Industrial Average were flat before the market opened. Rising bond yields were seen as the culprit for yesterday’s retreat, since higher interest rates on borrowing make those investments more attractive relative to stocks.

Tesla's surprisingly solid results and high-flying sales forecast are lifting hopes for a strong earnings season.

Tesla Inc.'s eye-popping rally on Thursday after "a solid beat on the bottom and a minor miss on the top" for the third quarter has been the "silver bullet" helping provide a lift to the stock market, said Louis Navellier, founder of Navellier & Associates.

Wall Street is holding steadier, thanks in part to a surge for Tesla’s stock. The S&P 500 rose 0.2% Thursday and was on track to break its first three-day losing streak since early September.

The S&P 500 ended higher for the first time this week as Tesla surged 21% after posting a strong earnings beat.

U.S. stocks were poised to record their biggest one-day drops in roughly seven weeks on Wednesday, as worries about rising Treasury yields and the potential outcome of the upcoming Nov. 5 presidential election weighed on investors.