Wall Street’s main indexes ended slightly higher. The Dow Jones Industrial Average closed the day up 0.1 percent at 39,169.52 points. The broad S&P 500 index rose 0.3 percent to 5,475.09 points. The Nasdaq technology index rose 0.8 percent to 17,879.30 points.
Tesla gained more than 6 percent. The American electric carmaker will provide a quarterly update on production and deliveries on Tuesday. Elon Musk’s group had suffered its worst quarter in years earlier this year, partly due to collapsing demand for plug-in cars and Chinese competition from rivals such as BYD.
Coinbase on the plus
Robinhood rose 0.4 percent. The investing app agreed to buy Pluto Capital, known for its artificial intelligence (AI)-based personal investment advice. With the purchase, Robinhood hopes to eventually offer more AI-based tools to customers. Personal investment advice has traditionally only been available to wealthy investors; Pluto Capital founder Jacob Sansbury wanted to change that.
Coinbase gained 5 percent. A U.S. Department of Justice agency awarded the crypto exchange a contract to guard seized digital assets. The five-year contract is worth $32.5 million, according to the agency’s website, the U.S. Marshals Service.
GameStop price loss
Gamestop fell 5.5 percent. Investors in the video game retailer’s stock have announced a lawsuit against Keith Gill, better known as Roaring Kitty. The investors say they lost money because Gill manipulated Gamestop’s stock for his own benefit. Chewy fell 6.6 percent. Gill also announced his interest in the online retailer of pet food and accessories.
The euro was worth $1.0740, compared with $1.0725 at the close of trading on European stock markets on Monday. A barrel of US crude oil was up 2.3 percent at $83.44. Brent crude oil was up 2 percent at $86.72 a barrel.