ReutersReuters

US stocks end sharply higher; Tesla jumps

RefinitivLess than 1 min read
Key points:
  • S&P 500, Dow both end up >1%, Nasdaq rallies more than 2%
  • Cons Disc leads S&P sector gainers; Utilities edge red at close
  • Dollar up; crude up >1%; bitcoin rallies ~4%; gold dips
  • US 10-Year Treasury yield jumps to ~4.34%

U.S. STOCKS END SHARPLY HIGHER; TESLA JUMPS

The three major U.S. stock indexes ended sharply higher on Monday, with the Nasdaq IXIC up more than 2% and the consumer discretionary index S5COND up over 4% in its biggest daily percentage gain since November 2022.

Tesla TSLA shares ended up 12% amid signs that the Trump administration might take a more measured approach on tariffs against U.S. trading partners.

A Trump administration official on Monday cautioned that the situation was fluid and no final decisions had been made.

Nvidia NVDA ended up 3.2%, while Amazon.com AMZN rose 3.6%.

The small-cap Russell 2000 RUT index rose 2.5% in its biggest daily percentage gain since November 6.

Here is the closing market snapshot:

march 24
Thomson Reuterscloser

(Caroline Valetkevitch)

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FOR MONDAY'S EARLIER LIVE MARKETS POSTS:

CONSUMER DISCRETIONARY UP ON DAY, BUT STILL BIGGEST LOSER YTD

JUST THE EYE OF THE STORM?

STAGFLATION FEARS ARE FLOATING ABOUT, BUT JUST HOW REAL ARE THEY?

NICE PMI REPORT - TOO BAD IT'S FLEETING

A TOUGH TIME FOR BRAZILIAN EQUITIES

U.S. INDEXES UP MORE THAN 1%, WITH CONSUMER DISCRETIONARY, TESLA LEADING

DOW INDUSTRIALS FLIRT WITH CORRECTION; TRANSPORTS FLIRT WITH BEAR

FX HEDGE ADJUSTMENTS TO LEAD TO EURO SELLING

DON'T TURN YOUR BACK ON EUROPEAN VALUE RETAILERS YET

EUROPEAN STOCKS FLAT, MINERS RISE

EUROPE BEFORE THE BELL: STOCKS HEAD FOR UPLIFT DESPITE TARIFF ANXIETY

IN GOOD SPIRITS AFTER HINTS OF TARIFF RETREAT

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