US Stocks Rebound, Tesla Rallies, Bitcoin Soars Above $92,000: What’s Driving Markets Monday?
Risk sentiment edged higher on Monday, rebounding after two consecutive losing sessions and the worst week for the U.S. stock market since early September, as pressures from dollar and Treasury yields faded.
All 11 sectors of the S&P 500 traded in positive territory, with consumer discretionary stocks outperforming, thanks to a 7% surge in Tesla Inc. (NASDAQ:TSLA).
The electric vehicle maker’s rally followed reports the incoming Donald Trump administration plans to prioritize a federal framework for fully autonomous vehicles. According to Bloomberg, the Department of Transportation could soon place this framework at the top of its agenda.
The tech-heavy Nasdaq 100 outperformed both the S&P 500 and the Dow Jones Industrial Average on Monday. Gains in commodities also stood out, as gold, crude oil natural gas prices all posted strong rebounds amid escalating geopolitical tensions …
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