S&P, Nasdaq rally to records ahead of Tesla earnings

Nasdaq books first record-high close since February

Stocks climbed to record highs Monday as investors prepared for Tesla's quarterly earnings report and the results from other mega-cap tech companies. 

Ticker Security Last Change Change %
I:DJI DOW JONES AVERAGES 40466.36 +50.92 +0.13%
SP500 S&P 500 5571.18 +6.77 +0.12%
I:COMP NASDAQ COMPOSITE INDEX 18043.526374 +35.96 +0.20%

The benchmark S&P 500 gained 0.18% and the Nasdaq Composite rallied 0.87% as both indexes finished at all-time highs. The Dow Jones Industrial Average, meanwhile, slipped 61 points, or 0.18%. 

While the S&P finished at record highs as early as last week, it was the Nasdaq's first record since February. 

The major averages received a lift after the Census Bureau said durable goods orders rose 0.5% in March, rebounding from a decline in the prior month. Excluding transportation, orders increased 1.6%, in line with forecasts. 

Ticker Security Last Change Change %
AAPL APPLE INC. 223.96 -0.35 -0.16%
AMZN AMAZON.COM INC. 182.55 -0.58 -0.32%
FB n.a. n.a. n.a. n.a.
GOOGL ALPHABET INC. 181.67 +4.01 +2.26%
MSFT MICROSOFT CORP. 442.94 +5.83 +1.33%

In stocks, tech giants Apple Inc., Amazon Inc., Facebook Inc. Alphabet Inc. and Microsoft Corp. will all release their quarterly results this week. But first, Tesla was expected to report a record quarterly profit after Monday's closing bell.

Ticker Security Last Change Change %
TSLA TESLA INC. 251.51 +12.31 +5.15%

A pause on Johnson & Johnson’s COVID-19 vaccine was lifted late Friday after U.S. regulators concluded the benefits outweigh the risks. The vaccine was paused earlier this month after six women out of more than 7 million who received the inoculation developed blot clots. 

Elsewhere, Moderna Inc.’s COVID-19 vaccine will be reviewed by World Health Organization experts on April 30 for possible emergency-use listing, Reuters reported, citing a WHO official. 

Ticker Security Last Change Change %
JNJ JOHNSON & JOHNSON 154.24 -0.45 -0.29%
MRNA MODERNA INC. 122.50 +1.36 +1.12%

Good news on COVID-19 helped lift travel-related names including American Airlines Group Inc., Carnival Corp. and Hilton Hotels Corp. 

Ticker Security Last Change Change %
AAL AMERICAN AIRLINES GROUP INC. 10.69 +0.11 +1.04%
CCL CARNIVAL CORP. 18.42 -0.01 -0.05%
HLT HILTON WORLDWIDE HOLDINGS INC. 220.15 +0.96 +0.44%

In commodities, West Texas Intermediate crude oil lost 23 cents to $61.91 per barrel and gold edged up $2.20 to $1,779.20 an ounce.  

GET FOX BUSINESS ON THE GO BY CLICKING HERE 

Overseas markets were mixed. 

European markets reversed early losses with Britain’s FTSE 100 rallying 0.35%, France’s CAC 40 rising 0.28% and Germany's DAX 30 ticking up 0.11%. 

In Asia, China’s Shanghai Composite fell 0.95%, Hong Kong’s Hang Seng index slid 0.43% and Japan’s Nikkei 225 advanced 0.36%.