U.S. stocks closed higher Monday, with Tesla Inc. TSLA, +10.09% fueling the S&P 500 index’s gains while the Dow Jones Industrial Average rose for a third straight day. The S&P 500 SPX, +0.67% gained 0.7%, while the Dow DJIA, +0.25% ended 0.3% higher and the Nasdaq Composite COMP, +1.14% climbed 1.1%, according to preliminary data from FactSet. The S&P 500’s consumer-discretionary sector, which includes electric-car maker Tesla, was the best-performing of the index’s 11 sectors on Monday with a sharp rise of around 2.8%. The S&P 500 and technology-heavy Nasdaq each booked back-to-back gains.
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