US stocks rose on Monday as a jump in Tesla shares led a rally in megacap tech stocks, while investors awaited the closely watched US inflation report later this week.
Wall Street’s benchmark S&P 500 finished 0.7 per cent higher on Monday, while the tech-focused Nasdaq Composite gained 1.1 per cent.
Tesla rose 10.1 per cent after Morgan Stanley analysts said the electric-car maker could add $500bn in value as its supercomputer Dojo opened new markets to the company.
Read the full story on the Financial Times here.