Dow, S&P 500 hit record highs as Tesla stock electrifies – .

Dow, S&P 500 hit record highs as Tesla stock electrifies – .

The Dow Jones ended the day up nearly 65 points, or 0.2%, and is now a striking distance from breaking above the 36,000 level for the first time. The S&P 500 was up 0.5% and the Nasdaq 0.9%.

Tesla (TSLA) shares jumped 13% on news of a deal to sell 100,000 electric vehicles to car rental company Hertz. An improved price target for Tesla stock from influential Wall Street auto analyst Adam Jonas of Morgan Stanley also helped boost Tesla.

Tesla overtook Facebook to become the fifth most valued company in the S&P 500. Only Apple (AAPL), Microsoft (MSFT), owner of Google Alphabet (GOOGL) and Amazone (AMZN) are worth more than Tesla.

Investors are gearing up for a busy week of corporate earnings reporting. The best technologies will publish their latest results, with Facebook à la carte Monday afternoon. The social media giant is also expected to announce a new brand name that will focus on its growing multiverse business.

Apple, Amazon, Microsoft and Alphabet are expected to release their third quarter numbers later this week.
Investors are also increasingly hoping that there will be a breakthrough in talks to finalize a broad spending shift on the economy, climate change and social safety nets in Washington later this week following the talks. between President Biden and influential moderate Democratic Senator Joe Manchin.


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