Wall Street stocks ended slightly higher on Monday, gaining early in the day as investors cheered passage of a U.S. infrastructure spending bill, but paring gains late as sliding Tesla shares weighed the indexes down.
"It has become a self-fulfilling prophesy," said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.
"Why are the indexes going up? Because people are buying," Nolte added. "Why are they buying? Because the indexes going up."was the heaviest weight on the S&P 500. Its shares fell following CEO Elon Musk's Twitter poll on whether he should sell about 10% of his holdings of stock in the electric automaker company he founded. The poll garnered more than 3.5 million votes, with 57.9% voting "Yes".
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