S&P 500 and Nasdaq end a bit higher as Tesla rallies
S&P 500 and Nasdaq edge green at close; Dow slips
Cons Disc leads S&P 500 sector gainers; Energy weakest group
Dollar up slightly; gold slips; bitcoin, crude both off >1%
U.S. 10-Year Treasury yield dips to ~4.17%
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S&P 500 AND NASDAQ END A BIT HIGHER AS TESLA RALLIES
The S&P 500 .SPX ended marginally higher on Monday, lifted by a rally Tesla and gains in other tech-related stocks as investors looked to upcoming quarterly reports.
Tesla TSLA.O jumped 5.6% after Morgan Stanley replaced Ford Motor F.N as its "top pick" in the U.S. automotive industry. Ford dipped 1.6%.
Microsoft MSFT.O gained 0.3% ahead of its report after the bell on Tuesday. Amazon AMZN.O and Apple AAPL.O each rose under 1% ahead of their reports on Thursday.
Also on investors' radar, the Fed ends its scheduled meeting on Wednesday and is widely expected to signal a September rate cut.
Of the 11 S&P 500 sector indexes, seven rose, led by consumer discretionary .SPLRCD, up 1.4%, followed by a 0.9% gain in communication services .SPLRCL.
Here is the final snapshot:
(Noel Randewich)
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FOR MONDAY'S EARLIER LIVE MARKETS POSTS:
STEADY! GLOBAL INTEREST RATE CUTS DON'T COME THAT EASY - CLICK HERE
WILL A SOFT LANDING SPARK A PARTY LIKE IT'S 1995? - CLICK HERE
HARRIS NARROWS GAP AGAINST TRUMP IN PREDICTIT BETTING MARKET - CLICK HERE
BANK OF AMERICA SECURITIES MAINTAINS 5,400 YEAR-END S&P 500 TARGET - CLICK HERE
RUSSELL 2000 GAINS NOT LIKELY SUSTAINABLE - WFII - CLICK HERE
U.S. STOCKS MIXED AS INVESTORS MULL EVENT RISKS - CLICK HERE
BENCHMARK TREASURY YIELD: MAKE-OR-BREAK WEEK? - CLICK HERE
UK STOCKS: A QUESTION OF YIELD AND STABILITY - CLICK HERE
WEAKNESS IN CHINA HITTING MORE THAN JUST LUXURY - CLICK HERE
THE 5Y5Y INFLATION SWAP INDICATOR? IT’S OUT OF ORDER - CLICK HERE
STEADY START FOR EUROPE - CLICK HERE
EUROPEAN FUTURES HIGHER AS BUSY WEEK GETS UNDERWAY - CLICK HERE
ASIA REBOUNDS ON DOVISH RATE HOPES - CLICK HERE
Closing snapshot https://tmsnrt.rs/3yguHeC
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