LIVE MARKETS-US stocks end sharply higher; Tesla jumps

Reuters
25 Mar
LIVE MARKETS-US stocks end sharply higher; Tesla jumps

S&P 500, Dow both end up >1%, Nasdaq rallies more than 2%

Cons Disc leads S&P sector gainers; Utilities edge red at close

Dollar up; crude up >1%; bitcoin rallies ~4%; gold dips

US 10-Year Treasury yield jumps to ~4.34%

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U.S. STOCKS END SHARPLY HIGHER; TESLA JUMPS

The three major U.S. stock indexes ended sharply higher on Monday, with the Nasdaq .IXIC up more than 2% and the consumer discretionary index .SPLRCD up over 4% in its biggest daily percentage gain since November 2022.

Tesla TSLA.O shares ended up 12% amid signs that the Trump administration might take a more measured approach on tariffs against U.S. trading partners.

A Trump administration official on Monday cautioned that the situation was fluid and no final decisions had been made.

Nvidia NVDA.O ended up 3.2%, while Amazon.com AMZN.O rose 3.6%.

The small-cap Russell 2000 .RUT index rose 2.5% in its biggest daily percentage gain since November 6.

Here is the closing market snapshot:

(Caroline Valetkevitch)

*****

FOR MONDAY'S EARLIER LIVE MARKETS POSTS:

CONSUMER DISCRETIONARY UP ON DAY, BUT STILL BIGGEST LOSER YTD - CLICK HERE

JUST THE EYE OF THE STORM? - CLICK HERE

STAGFLATION FEARS ARE FLOATING ABOUT, BUT JUST HOW REAL ARE THEY? - CLICK HERE

NICE PMI REPORT - TOO BAD IT'S FLEETING - CLICK HERE

A TOUGH TIME FOR BRAZILIAN EQUITIES - CLICK HERE

U.S. INDEXES UP MORE THAN 1%, WITH CONSUMER DISCRETIONARY, TESLA LEADING - CLICK HERE

DOW INDUSTRIALS FLIRT WITH CORRECTION; TRANSPORTS FLIRT WITH BEAR - CLICK HERE

FX HEDGE ADJUSTMENTS TO LEAD TO EURO SELLING - CLICK HERE

DON'T TURN YOUR BACK ON EUROPEAN VALUE RETAILERS YET - CLICK HERE

EUROPEAN STOCKS FLAT, MINERS RISE - CLICK HERE

EUROPE BEFORE THE BELL: STOCKS HEAD FOR UPLIFT DESPITE TARIFF ANXIETY - CLICK HERE

IN GOOD SPIRITS AFTER HINTS OF TARIFF RETREAT - CLICK HERE

closer https://tmsnrt.rs/4iYrKkx

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