Nasdaq Gains Over 100 Points; Tesla Shares Spike Higher

Market Overview - U.S. stocks experienced an upward trend, with the Nasdaq Composite increasing by over 100 points on Monday. The Dow rose by 0.19% to 45,922.93, the NASDAQ increased by 0.63% to 22,280.38, and the S&P 500 gained 0.47% to 6,615.11 [1] Sector Performance - Communication services stocks saw a significant rise of 1.7% on Monday, while consumer staples stocks fell by 0.6% [1] Company News - Tesla Inc. shares rose approximately 6% on Monday following CEO Elon Musk's acquisition of a substantial number of shares [2] - Musk purchased 2.57 million shares of Tesla at prices ranging from approximately $371 to $396 per share, increasing his indirect ownership to about 413 million shares [3] Commodity Market - Oil prices increased by 0.5% to $63.01, while gold prices decreased by 0.1% to $3,682.20. Silver fell by 0.3% to $42.690, and copper rose by 0.2% to $4.6595 [6] European Market - European shares showed positive movement, with the eurozone's STOXX 600 rising by 0.6%, Spain's IBEX 35 Index also up by 0.6%, London's FTSE 100 increasing by 0.1%, Germany's DAX 40 gaining 0.5%, and France's CAC 40 rising by 1.3% [7] Asian Market - Asian markets closed mostly mixed, with Hong Kong's Hang Seng rising by 0.22%, China's Shanghai Composite declining by 0.26%, and India's BSE Sensex falling by 0.15% [8] Notable Stock Movements - Check-Cap Ltd. shares surged by 233% to $2.5035 following a merger agreement with MBody AI. Helius Medical Technologies, Inc. shares increased by 179% to $21.09 after announcing a $1.25 billion treasury strategy. AtlasClear Holdings, Inc. shares rose by 117% to $0.8438 due to positive revenue results from its subsidiary [9] - Conversely, aTyr Pharma, Inc. shares dropped by 82% to $1.0300 after failing to meet primary endpoints in a clinical study. Kindly MD, Inc. shares fell by 57% to $1.1950, and The Hain Celestial Group, Inc. shares decreased by 30% to $1.4867 following disappointing financial results [9] Economic Indicator - The New York Empire State Manufacturing Index fell to -8.7 in September, down from 11.9 in August and below market expectations of 5 [10]