Stock market today: S&P 500 closes higher as Tesla leads charge

Investing.com -- The S&P500 closed higher Monday, underpinned by a big tech and Tesla-driven rally ahead of key earnings from chipmaker Nvidia stock soared over 5% following reports from Bloomberg that the incoming Trump administration will establish a federal framework for fully self-driving vehicles and make it a top priority for the Department of Transportation.

Nvidia’s chips are seen as the gold standard in the AI-space and its shares have risen around 200% this year, overtaking Apple (NASDAQ:So far 93% of S&P 500 companies have reported results, and three-quarters of them have reported a positive EPS surprise and 61% have reported a positive revenue surprise, according to data from FactSet.

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