Tesla, PayPal Lift S&P 500 and Nasdaq Ahead of Big Tech Earnings

Tesla, PayPal Lift S&P 500 and Nasdaq Ahead of Big Tech Earnings
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Oct. 6, 2021. Brendan McDermid/Reuters
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U.S. stock indexes edged higher in choppy trade on Monday, led by gains in Tesla and PayPal shares, while investors geared up for earnings reports from heavyweight technology companies this week that could provide direction to the markets.

Tesla Inc. rose 4.5 percent to a record high after car rental firm Hertz placed an order for 100,000 Tesla cars, while Morgan Stanley boosted its price target on the electric-car maker’s stock.