Nasdaq Gains Over 100 Points; Tesla Shares Spike Higher

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Monday.

Following the market opening Monday, the Dow traded up 0.19% to 45,922.93 while the NASDAQ rose 0.63% to 22,280.38. The S&P 500 also rose, gaining, 0.47% to 6,615.11.

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Leading and Lagging SectorsCommunication services shares jumped by 1.7% on Monday.

In trading on Monday, consumer staples stocks fell by 0.6%.

Top Headline

Shares of Tesla Inc. (NASDAQ:TSLA) rose around 6% on Monday after CEO Elon Musk purchased massive number of shares, according to a recent regulatory filing.

Musk, through the Elon Musk Revocable Trust, bought 2.57 million shares of Tesla on Friday, September 12. The shares were acquired at prices ranging from approximately $371 to $396 per share, as per a Form 4 filing with the Securities and ...