Stock Market Today: Trillion-Dollar Tesla Leads Monday Market Charge
The Dow and S&P 500 notched new highs, while the Nasdaq moved within a chip-shot of its all-time peak.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Delivered daily
Kiplinger Today
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more delivered daily. Smart money moves start here.
Sent five days a week
Kiplinger A Step Ahead
Get practical help to make better financial decisions in your everyday life, from spending to savings on top deals.
Delivered daily
Kiplinger Closing Bell
Get today's biggest financial and investing headlines delivered to your inbox every day the U.S. stock market is open.
Sent twice a week
Kiplinger Adviser Intel
Financial pros across the country share best practices and fresh tactics to preserve and grow your wealth.
Delivered weekly
Kiplinger Tax Tips
Trim your federal and state tax bills with practical tax-planning and tax-cutting strategies.
Sent twice a week
Kiplinger Retirement Tips
Your twice-a-week guide to planning and enjoying a financially secure and richly rewarding retirement
Sent bimonthly.
Kiplinger Adviser Angle
Insights for advisers, wealth managers and other financial professionals.
Sent twice a week
Kiplinger Investing Weekly
Your twice-a-week roundup of promising stocks, funds, companies and industries you should consider, ones you should avoid, and why.
Sent weekly for six weeks
Kiplinger Invest for Retirement
Your step-by-step six-part series on how to invest for retirement, from devising a successful strategy to exactly which investments to choose.
The Dow Jones Industrial Average and S&P 500 Index got the ball rolling on the new trading week with record-high closes amid general earnings optimism.
But the showstopper today was a single stock – Tesla (TSLA, +12.7%) – which extended its recent rally with a number of significant milestones. Rental car company Hertz Global Holdings (HTZZ, +10.0%) on Monday announced the single-biggest order for electric vehicles – 100,000 Tesla vehicles, which should translate into more than $4 billion in revenues.
That continued a rally recently built on record third-quarter deliveries and blowout Q3 earnings, sending Tesla above $1,000 per share – and above $1 trillion in market value, putting it in an exclusive club with just four other companies: Apple (AAPL), Microsoft (MSFT), Alphabet (GOOGL) and Amazon.com (AMZN).
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
Tesla's booming performance helped lift the Nasdaq Composite 0.9% to 15,226; the index needs a gain of just 1% from here to reach its Sept. 7 high. TSLA also boosted the S&P 500, up 0.5% to a record 4,566. The Dow's modest 0.2% gain to 35,741 was enough to rewrite the record books, too.
Other news in the stock market today:
- The small-cap Russell 2000 rose 0.9% to 2,312.
- U.S. crude oil futures settled unchanged on the day at $83.76 per barrel.
- Gold futures gained 0.6% to finish at $1,806.80 an ounce.
- The CBOE Volatility Index (VIX) retreated 1.2% to 15.24.
- Bakkt Holdings (BKKT, +234.4%) stock was one of the biggest percentage gainers today after the cryptocurrency asset platform and Intercontinental Exchange (ICE) subsidiary unveiled a pair of high-profile partnerships. One is a deal with Mastercard (MA), where the two firms will offer cryptocurrency debit and credit cards. This will not only allow businesses to issue branded credit cards backed by crypto, but also offer digital coins as rewards in loyalty programs. BKKT also entered into a strategic partnership with Fiserv (FISV) that will allow cryptocurrency to be used more broadly thanks to the fintech's ability to connect consumers and businesses via its digital commerce and mobile payment services.
- Bitcoin prices jumped 2.9% to $62,716.48. (Bitcoin trades 24 hours a day; prices reported here are as of 4 p.m. each trading day.)
- Looking ahead, earnings season continues, with several massive stocks reporting results over the next few days, including the other members of the trillion-dollar club. Michael Reinking, senior market Strategist for the New York Stock Exchange, says that, as far as an impact on the major indexes is concerned, "mega-cap tech will be the swing factor."
Stock Picking Isn't For Everyone
Does that sort of news – even when it's good – give you heartburn? That's okay: Stock picking isn't for everyone.
Don't take it just at our word – consider that U.S. investors alone have allocated tens of trillions of dollars to mutual funds, exchange-traded funds (ETFs), closed-end funds (CEFs) and other pooled investments. And many of those investors want talented stock pickers on their side.
Enter Fidelity, which celebrates good stock picking – in fact, its portfolio managers even engage in friendly competitions with each other to see who can develop the best investment ideas.
We continue our annual look at the most popular funds in 401(k) plans – which we started with Vanguard – by taking a look at Fidelity's actively managed and target-date funds that make the list. This group of more than a dozen funds largely leans on the expertise of talented stock pickers including Sonu Kalra and Joel Tillinghast, though their gifted bond managers provide some oomph to Fidelity's balanced offerings. Read on as we explore the ins and outs of Fidelity funds that often show up in corporate 401(k) plans.
-
Dow Leads in Mixed Session on Amgen Earnings: Stock Market TodayThe rest of Wall Street struggled as Advanced Micro Devices earnings caused a chip-stock sell-off.
-
How to Watch the 2026 Winter Olympics Without OverpayingHere’s how to stream the 2026 Winter Olympics live, including low-cost viewing options, Peacock access and ways to catch your favorite athletes and events from anywhere.
-
Here’s How to Stream the Super Bowl for LessWe'll show you the least expensive ways to stream football's biggest event.
-
Stocks Close Down as Gold, Silver Spiral: Stock Market TodayA "long-overdue correction" temporarily halted a massive rally in gold and silver, while the Dow took a hit from negative reactions to blue-chip earnings.
-
If You'd Put $1,000 Into AMD Stock 20 Years Ago, Here's What You'd Have TodayAdvanced Micro Devices stock is soaring thanks to AI, but as a buy-and-hold bet, it's been a market laggard.
-
Nasdaq Drops 172 Points on MSFT AI Spend: Stock Market TodayMicrosoft, Meta Platforms and a mid-cap energy stock have a lot to say about the state of the AI revolution today.
-
S&P 500 Tops 7,000, Fed Pauses Rate Cuts: Stock Market TodayInvestors, traders and speculators will probably have to wait until after Jerome Powell steps down for the next Fed rate cut.
-
S&P 500 Hits New High Before Big Tech Earnings, Fed: Stock Market TodayThe tech-heavy Nasdaq also shone in Tuesday's session, while UnitedHealth dragged on the blue-chip Dow Jones Industrial Average.
-
Dow Rises 313 Points to Begin a Big Week: Stock Market TodayThe S&P 500 is within 50 points of crossing 7,000 for the first time, and Papa Dow is lurking just below its own new all-time high.
-
Nasdaq Leads Ahead of Big Tech Earnings: Stock Market TodayPresident Donald Trump is making markets move based on personal and political as well as financial and economic priorities.
-
11 Stock Picks Beyond the Magnificent 7With my Mag-7-Plus strategy, you can own the mega caps individually or in ETFs and add in some smaller tech stocks to benefit from AI and other innovations.
