U.S. stocks closed mostly higher Monday, even as investors continue to search for direction as earnings season winds down and an agreement on additional coronavirus stimulus eludes Congress.The Dow Jones Industrial Average DJIA, -0.30% lost about 86 points, 0.3%, to close near 27,845, while the S&P 500 SPX, +0.27% added 9 points or 0.3%, closing at about 3,382. The tech-heavy Nasdaq Composite index COMP, +1.
which gained nearly 7% during the session. Shares of Tesla Inc. surged more than 11%, crossing a fresh record. The Nasdaq breached an earlier intraday record, and the S&P 500 came within a few points of its own prior closing record, but once again couldn't top it, a trend some market observers think is worrying.
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