NEW YORK—Stocks edged higher in a shortened trading day Monday as momentum slowed on Wall Street following its powerful rally through the first half of the year.
The S&P 500 rose 5.21 points, or 0.1 percent, to 4,455.59 and reached its highest level since April 2022. The Dow Jones Industrial Average gained 10.87, or less than 0.1 percent, to 34,418.47, and the Nasdaq composite added 28.85, or 0.2 percent, to 13,816.77.
Tesla was the strongest force lifting the S&P 500 upward after the market heavyweight climbed 6.9 percent. The company said over the weekend that the number of vehicles it delivered during the spring surged by 83 percent from a year earlier. That was more than analysts expected, though cuts to prices may have driven some of the gains. Investors will see how much the discounts hit profits when Tesla reports its earnings on July 19….