Stock market today: S&P 500 gains after Tesla's China gambit in big week for markets

Stocks on Wall Street inched higher Monday ahead of a big week filled with a Federal Reserve rate decision, the monthly jobs report, and earnings from more Magnificent Seven tech heavyweights. The S&P 500 rose 0.3% and the tech-heavy Nasdaq Composite gained roughly 0.4% as Tesla shares surged amid upbeat China news. The Dow Jones Industrial Average , which has fewer tech components, was up about 0.1%.

Tesla shares rose more than 10% after it reached an FSD-linked deal with Baidu seen as potentially helping stem its sales slump in a huge market. The Chinese internet giant's US-listed stock was up 6%. At the same time, investors are counting down to the Federal Reserve's policy decision at the end of its two-day meeting on Wednesday. Confusion reigns over whether the cooling in inflation has stalled and what any persistence in price pressures implies for interest-rate cuts.

Tesla Shares Federal Reserve Tesla

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: S&P 500 futures gain after Tesla's China gambitTesla is providing a boost ahead of a big week filled with a Fed rate decision, the monthly jobs report, and more Big Tech earnings.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq notch big gains with Tesla earnings on deckThe wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq notch big gains as Tesla kicks off 'Magnificent 7' earningsThe wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500 futures rise with focus on earningsInvestors have put rate-cut worries on the backburner to focus on earnings season instead.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500 slides for 5th-straight dayInvestors are counting down to earnings from Netflix, the first of the 'Magnificent' group of companies to report.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500 snaps 6-day losing streak ahead of Big Tech earnings rushBig Techs are the highlight as hopes rest on this week's flood of earnings to reassure and reignite the market.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »