Market Recovery: Tesla Boosts U.S. Stocks by 7%
ICARO Media Group
**U.S. Stocks Rebound After Worst Week Since September; Tesla Surges 7%**
U.S. stocks bounced back on Monday following their most challenging week since early September, as easing pressures from Treasury yields and the dollar helped lift market sentiment. The S&P 500 saw all 11 of its sectors trading positively, with consumer discretionary stocks leading the charge, thanks largely to a notable 7% increase in Tesla Inc. (TSLA) shares.
Tesla's impressive rise came on the back of reports suggesting the incoming Trump administration intends to prioritize the creation of a federal framework for fully autonomous vehicles. According to Bloomberg, the Department of Transportation could soon make this a top agenda item, fueling optimism for the electric vehicle manufacturer's future.
The tech-heavy Nasdaq 100 outpaced both the S&P 500 and the Dow Jones Industrial Average, marking a strong performance for the day. Commodities also saw significant gains, with gold, crude oil, and natural gas prices rebounding sharply amid increasing geopolitical tensions between the U.S. and Russia.
The U.S. dollar, which had marked seven consecutive weeks of gains through Friday, paused its rally on Monday. Treasury yields remained flat, with the session lacking major economic data or new comments from Federal Reserve officials to guide the markets.
In the cryptocurrency space, Bitcoin (BTC) surged by 1.5%, surpassing the $92,000 mark, setting the stage for what could be a record-high close. Ethereum (ETH) also enjoyed a strong day, rising by 3%.