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Stock market today: Wall Street hits more records as Tesla zooms

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A big gain for Tesla helped drive Wall Street to more records.

Tesla zoomed higher and helped drive the U.S. stock market to more records on Tuesday. The S&P 500 added 0.6% to top its all-time high set two weeks ago. The Dow Jones Industrial Average rose 162 points, or 0.4%, and the Nasdaq composite added 0.8% to its own record set a day before. Tesla led the way with a 10.2% jump after the electric-vehicle maker reported a milder drop in sales for the spring than analysts expected.

Last week’s debate between President Joe Biden and former President Donald Trump pushed traders to make moves in anticipation of a possible Republican sweep in November. That included sending Treasury yields higher, in part because of the possibility for policies that would further raise the U.S. government’s debt. The 10-year yield is still well above its 4.29% level from late Thursday, before the debate. In commodities markets, the price of benchmark U.S.

 

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