Stocks rally as Tesla nears an all-time high

Ben Macmahon/AP

Stocks rose Tuesday, with the S&P 500 approaching its January peak, as Tesla rallied more than 9.5%. The dollar fell, and Treasury yields jumped.

Here's the scoreboard:

Dow Jones industrial average: 25,629.62 +127.44 (+0.50%)

S&P 500: 2,859.12 +8.72 (+0.31%)

Nasdaq Composite : 7,884.92 25.24 (+0.32%)

1. Tesla trading was temporarily halted after a tweet from the account of CEO Elon Musk suggested he is considering taking the company private. "Am considering taking Tesla private at $420. Funding secured," Musk said on Twitter just after noon. Earlier Tuesday, the Financial Times reported Saudi Arabia's sovereign wealth fund had accumulated about a $2 billion stake in the electric-car maker. Tesla neared an all-time high when its resumed trading.
2. In the latest sign of a robust labor market, job openings in the US held close to record highs in June. The job openings rate stayed at 4.3 percent that month, the Labor Department said, with an additional 20,000 jobs in the education sector and a decline of 84,000 jobs in other industries.
3. South Korea said it would block a trade agreement with the US if its cars aren't exempt from President Donald Trump's proposed tariffs. The move would jeopardize one of the only deals the president has successfully negotiated since starting a protectionist crackdown.
4. Earnings season rolls on. Snap, Walt Disney and Papa John's report after the bell - follow Business Insider for live updates.
   

And a look at the upcoming economic calendar:

• Annual inflation numbers are out in China.
• The US reports crude oil inventories.
• IBM, Microsoft and General Electric post earnings later this week.

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