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U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Monday.
Following the market opening Monday, the Dow traded up 0.19% to 45,922.93 while the NASDAQ rose 0.63% to 22,280.38. The S&P 500 also rose, gaining, 0.47% to 6,615.11.
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Leading and Lagging Sectors
Communication services shares jumped by 1.7% on Monday.
In trading on Monday, consumer staples stocks fell by 0.6%.
Top Headline
Shares of Tesla Inc. (NASDAQ:TSLA) rose around 6% on Monday after CEO Elon Musk purchased massive number of shares, according to a recent regulatory filing.
Musk, through the Elon Musk Revocable Trust, bought 2.57 million shares of Tesla on Friday, September 12. The shares were acquired at prices ranging from approximately $371 to $396 per share, as per a Form 4 filing with the Securities and Exchange Commission (SEC) released on Monday. This brings his indirect ownership to approximately 413 million shares.
Equities Trading UP
Equities Trading DOWN
Commodities
In commodity news, oil traded up 0.5% to $63.01 while gold traded down 0.1% at $3,682.20.
Silver traded down 0.3% to $42.690 on Monday, while copper rose 0.2% to $4.6595.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.6%, while Spain's IBEX 35 Index rose 0.6%. London's FTSE 100 rose 0.1%, Germany's DAX 40 gained 0.5% and France's CAC 40 rose 1.3% during the session.
Asia Pacific Markets
Asian markets closed mostly mixed on Monday, with Hong Kong's Hang Seng rising 0.22%, China's Shanghai Composite falling 0.26% and India's BSE Sensex declining 0.15%.
Economics
The New York Empire State Manufacturing Index declined to -8.7 in September, from 11.9 in August and versus market estimates of 5.
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