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 Sectors
Communication 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 …