Stock Market Today: Tech, Consumer Stocks Carry Nasdaq Higher

Disappointing China GDP and industrial production weighed on stocks early Monday, but the S&P 500 and Nasdaq finished higher on the back of Tesla, Facebook and others.

a person looks at his stocks on a phone
(Image credit: Getty Images)

Wall Street kicked off a fresh week of trading with mixed results amid a couple of worrisome economic indicators, but also some optimism about upcoming earnings reports.

U.S. industrial production declined by 1.3% month-over-month in September – its largest such swoon since February. Also weighing on stocks early was China, which reported disappointing third-quarter GDP growth of 4.9% year-over-year, easily shy of estimates for 5.2%.

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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, and the Managing Editor for 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.