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Dow, S&P 500 close at records ahead of Big Tech earnings, Tesla jumps 12% to top $1 trillion

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 Industrial Average rose 64.13 points, or 0.18%, to 35,741.15 for another record close.

The S&P 500 rose 0.47% for its own record high of 4,566.48.

The tech-heavy Nasdaq Composite led the way with a gain of 0.90% 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.

Reference: CNBC
Read More: Dow, S&P 500 close at records ahead of Big Tech earnings, Tesla jumps 12% to top $1 trillion (cnbc.com)