Stock market today: Nasdaq leads gains to kick off new quarter as Tesla pops 6%

US stocks edged higher on Monday to start the quarter as investors began counting down to the July 4 break and the key US jobs report. The Dow Jones Industrial Average rose 0.1% while the S&P 500 gained 0.3%. The tech-filled Nasdaq Composite climbed about 0.9%. Tesla stock popped roughly 6% ahead of the EV giant's quarterly delivery results due out on Tuesday.

Encouraging signs that inflation is slowing toward the Federal Reserve's target, plus emerging cracks in the economy, have spurred hopes for a policy pivot. US manufacturing activity data released on Monday showed the Institute for Supply Management's manufacturing PMI fell further into contraction territory in June, hitting a four-month low. In the meantime, the prospect of political gridlock in France is gripping investors after the first round of voting in national elections.

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Stock market today: Nasdaq leads stocks higher while GameStop skyrocketsUS stocks are eyeing an upbeat start to June as hopes for rate cuts revive and the meme-stock mania roars back
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Stock market today: Nasdaq leads US futures higher while GameStop skyrocketsUS stocks are eyeing an upbeat start to June as hopes for rate cuts revive and the meme-stock mania roars back
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Stock market today: Nvidia rebound fuels Nasdaq rally as Dow falls 300 pointsStocks are hoping to add a punchline to what's been a high-flying quarter thus far.
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