Nasdaq closes higher as Tesla rally helps start week on an upbeat note
The Nasdaq Composite rose Monday following a rough week, as Tesla shares surged and Wall Street looked ahead to some major market-moving earnings reports.
The Nasdaq advanced 0.6% to settle at 18,791.81, while the S&P 500 added about 0.4% to close at 5,893.62. The Dow Jones Industrial Average fell 55.39 points, or 0.1%, to finish at 43,389.60.
Tesla spearheaded the tech-heavy index’s rally, popping 5.6% amid a Bloomberg News report, citing people familiar with the matter, that President-elect Donald Trump’s team is working on ways to ease regulation on self-driving vehicles. Elsewhere, Apple and Netflix gained 1.3% and 2.8%, respectively, while Advanced Micro Devices surged 3%.
Wednesday’s report from artificial intelligence chip darling Nvidia remains top of mind for investors, and could serve as the next major catalyst as Wall Street searches for signs of resilient demand for its Blackwell AI chips. Shares slipped 1.3% after The Information reported that the chips overheat when connected in servers, citing sources familiar with the matter.
Source : CNBC
