US stocks end higher, Tesla soars on AI optimism

Investors are looking to August consumer price index data due on Wednesday for clues about how close the Federal Reserve may be to ending its campaign of interest rate increases. – AFPpicThe Nasdaq closed sharply higher on Monday as Tesla surged on optimism around artificial intelligence and investors awaited inflation data due later this week.

Walt Disney added 1.2% and Charter Communications rose 3.2% after they reached a deal for Disney’s programming, including ESPN, to return to the Spectrum cable service just hours ahead of the start of NFL “Monday Night Football.” “What we’re seeing is a lot of positive sentiment that is really tied to bullishness around the likely CPI and PPI numbers being more in line with moderation,” said Greg Bassuk, chief executive officer of AXS Investments in New York.

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