The S&P 500 and Nasdaq closed at record highs on Monday, fueled by Tesla Inc and other heavyweight growth stocks ahead of a deluge of earnings reports this week.
The Nasdaq’s record high close confirmed the end of an 11% correction in the index that began after its previous record high close on Feb. 12, with the index closing at a low on March 8.
In extended trade, Tesla dipped about 0.4% after the electric car maker beat Wall Street expectations for first-quarter revenue. During Monday’s trading session, Tesla had gained 1.2%.
Companies that constitute about 40% of the S&P 500’s market capitalization report from Tuesday through Thursday, includin…
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