SP 500 climbs for third straight day as Tesla leads

SP 500 climbs for third straight day as Tesla leads

Electric-car maker Tesla Inc jumped 8.03% and was the biggest boost to the S&P 500 and Nasdaq after saying it will seek investor approval to increase its number of shares to enable a stock split, helping to lift the consumer discretionary index 2.67% as the best-performing sector on the session.







Reuters









March 29, 2022 / 05:53 AM IST





The S&P 500 rose for a third day on Monday, as a sharp climb in shares of Tesla overshadowed weakness in energy and bank stocks, while Russia and Ukraine were poised to hold their first face-to-face peace talks in more than two weeks.

Electric-car maker Tesla Inc jumped 8.03% and was the biggest boost to the S&P 500 and Nasdaq after saying it will seek investor approval to increase its number of shares to enable a stock split, helping to lift the consumer discretionary index 2.67% as the best-performing sector on the session.

The S&P energy index off 2.56%, was the worst-performing sector on the session after oil prices tumbled on the heels of a lockdown in China's financial hub, Shanghai, to curb a jump in COVID-19 infections that sparked demand worries.

Exxon Mobil Corp lost