U.S. stocks rose to record highs on Monday as investors prepared for a major week of earnings from heavyweight tech companies.
The Dow Jones Industrials gained 64.13 points to 35,741.15,
The S&P 500 marched ahead 21.58 points to 4,566.48, for its own record high.
The NASDAQ Composite sprinted 136.51 points to 15.226.71, buoyed by a historic day for Tesla.
The electric vehicle pioneer, which reported record revenue and profits last week, gained more than 12% and saw its market cap surpass $1 trillion after Morgan Stanley hiked its price target on the shares to $1,200 from $900. Rental car company Hertz also announced that it would order 100,000 Tesla vehicles.
The sharp move for the stock helped the market start the week off strong ahead of a busy week of earnings. Tech giants Alphabet, Microsoft, Amazon and Apple are set to report this week, along with Dow components Caterpillar, Coca-Cola, … Read more