Stock market today: S&P 500 snaps 6-day losing streak ahead of Big Tech earnings rush

US stocks rebounded on Monday, with the S&P 500 snapping a six-day losing streak as investors brace for a rush of Big Tech earnings. The S&P 500 rose 0.9% to climb back above 5,000 after closing below the key level on Friday for the first time since February. The Dow Jones Industrial Average added 0.7%, or more than 200 points. The tech-heavy Nasdaq Composite also gained 1.1% as AI darling Nvidia rebounded by adding than 4%.

The focus Monday was on Tesla as the EV maker cut prices in the US, China, and several other countries. Tesla will report quarterly results on Tuesday after the market close. The Elon Musk-led company has already unsettled some investors with its robotaxi push and decision to have shareholders vote again on Musk's rejected pay package. Tesla shares lost 3.4%.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500 losing streak, Big Tech, earnings: Top TakeawaysApril has been a funky month for the major market indices (^DJI, ^IXIC, ^GSPC). Entering into 2024's second quarter, the S&P 500 has had a hard time...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures point higher after S&P 500's 3-day losing streakA stock rebound would come after an unusual three-day losing streak for the S&P 500.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Asian shares meander after S&P 500 sets another recordBANGKOK (AP) — Asian shares were mixed on Thursday after U.S. stocks broke out of a three-day lull to close at a record. Oil prices advanced, while U.S...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500's latest record closes out best first quarter since 20192024's first quarter has been fruitful for investors.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »