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)
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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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