Stock Market Today: Nasdaq Rolls, S&P Still Can't Catch the Bull

Tesla (TSLA) and Nvidia (NVDA) helped pushed the Nasdaq to new highs Monday, but the S&P 500, while up, couldn't get over the record hump.

(Image credit: Getty Images)

Amid little traction on a new round of federal economic stimulus, the more diverse blue-chip indices struggled to make hay Monday while the tech-heavy Nasdaq resumed its leadership role.

The Nasdaq Composite closed 1.0% higher to a record 11,129. It received help from Nvidia (NVDA, +6.7%), which jumped after a Susquehanna analyst raised his price target from $450 per share to $540. It also got a boost from Tesla (TSLA, +11.2%), which is up a staggering 33% since Aug. 11, when the EV maker announced it would split its stock 5-for-1.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%
https://cdn.mos.cms.futurecdn.net/hwgJ7osrMtUWhk5koeVme7-200-80.png

Sign up for Kiplinger’s Free E-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.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription


Why am I seeing this? Find out more here

Kyle Woodley

Kyle Woodley is the Editor-in-Chief of WealthUp, a site dedicated to improving the personal finances and financial literacy of people of all ages. He also writes the weekly The Weekend Tea newsletter, which covers both news and analysis about spending, saving, investing, the economy and more.

Kyle was previously the Senior Investing Editor for Kiplinger.com, and the Managing Editor for InvestorPlace.com before that. His work has appeared in several outlets, including Yahoo! Finance, MSN Money, Barchart, The Globe & Mail and the Nasdaq. He also has appeared as a guest on Fox Business Network and Money Radio, among other shows and podcasts, and he has been quoted in several outlets, including MarketWatch, Vice and Univision. He is a proud graduate of The Ohio State University, where he earned a BA in journalism. 

You can check out his thoughts on the markets (and more) at @KyleWoodley.