US stocks end sharply higher; Tesla jumps
- 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:
(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