Stocks rally as Tesla nears an all-time high

Ben
Macmahon/AP

Stocks rose Tuesday, with the S&P 500 approaching its January
peak, as Tesla rallied more than 9.5%. The dollar
fell, and Treasury yields jumped. 

Here’s the scoreboard:

Dow Jones industrial
average: 25,629.62 +127.44
(+0.50%)

S&P
500: 2,859.12 +8.72
(+0.31%)

Nasdaq
Composite :  7,884.92 25.24
(+0.32%) 

1. Tesla
   trading
   was temporarily halted after a tweet from the account of
   CEO Elon Musk suggested he is considering taking the company
   private. “Am considering taking Tesla private at
   $420. Funding secured,” Musk said on Twitter just after noon.
   Earlier Tuesday, the Financial Times reported Saudi Arabia’s
   sovereign wealth fund had accumulated about a $2 billion stake
   in the electric-car maker. Tesla neared an all-time high when
   its resumed trading.
2.  In the latest sign of a robust labor market,
   job openings in the US held close to record highs in
   June. The job openings rate stayed at 4.3 percent
   that month, the Labor Department said, with an additional 20,000
   jobs in the education sector and a decline of 84,000 jobs in
   other industries. 
3. South Korea said it would
   block a trade agreement with the US if its cars aren’t
   exempt from President Donald Trump’s proposed
   tariffs. The move would jeopardize one of the
   only deals the president has successfully negotiated since
   starting a protectionist crackdown.
4. Earnings season rolls on. Snap,
   Walt
   Disney and Papa
   John’s report after the bell — follow Business Insider for
   live updates. 
   

And a look at the upcoming economic calendar:

• Annual inflation numbers are out in China.
• The US reports crude oil inventories. 
• IBM, Microsoft and General Electric post earnings later
  this week. 

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