All three of the major averages (^DJI,^GSPC, ^IXIC) closed lower on Wednesday. One of the biggest movers was McDonald' (MCD) which fell 5% after an E. coli outbreak was traced back to its Quarter Pounder sandwiches.

After the close, shares of Tesla (TSLA) soared after the EV giant posted better-than-expected Q3 earnings.

Yahoo Finance Markets Reporter Josh Schafer joins Anchor Josh Lipton on Asking For a Trend to examine the trading day.

To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here.

This post was written by Kevin Hall