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By Goran Damchevski

Consumer stocks were broadly higher in Monday trading, with the SPDR Consumer Staples Select Sector ETF (XLP) seeing a modest increase, while the SPDR Consumer Discretionary Select Sector ETF (XLY) was rising 1.9%.

Swedish-based automotive technology company Veoneer Inc said Missy Cummings had decided to resign from its board effective Nov. 1 after she accepted a position with the National Highway Traffic Safety Administration.

The S&P 500 hit a record high on Monday, led by Tesla and Paypal, while industrial bellwethers Caterpillar and 3M lifted the Dow to a new peak in the run-up to quarterly reports from big U.S. technology companies, whose shares struggled to gain.

Tesla Inc surpassed $1 trillion in market capitalization on Monday after landing its biggest-ever order from rental car company Hertz, a deal that reinforced the electric car leader's ambitions to top the entire auto industry in sales over the next decade.

4 Top EV Stocks Worth Watching This WeekEven amid the current stellar earnings season, electric vehicle (EV) stocks continue to impress. For the most part, this area of the stock market remains a hot one as investors look towards the next frontier of the transportation industry.

The chair of the National Transportation Safety Board (NTSB) criticized Tesla's rollout of "Full Self-Driving Beta technology" after the automaker did not address concerns after earlier fatal crashes involving its driver assistance systems.

In early trading on Monday, shares of PayPal Holdings topped the list of the day's best performing components of the Nasdaq 100 index, trading up 4.6%. Year to date, PayPal Holdings registers a 7.4% gain.

Car sales will total nearly 70 million vehicles worldwide this year, adding to the roughly 1.4 billion autos on the road across the globe. The automotive industry is massive and has grown and evolved quite a bit since the late 1800s when Karl Benz began selling his first handmade

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ (Symbol: QQQ) where we have detected an approximate $374.1 million dollar inflow -- that's a 0.2% increase week over week in outstanding

What happened Shares of electric car maker Tesla (NASDAQ: TSLA) jumped on Monday. The stock rose as much as 6.7%, putting the shares at all-time highs. As of 10:15 a.m. EDT, shares are up 4.5%.

U.S. stock indexes edged higher in choppy trade on Monday, led by gains in Tesla and PayPal shares, while investors geared up for earnings reports from heavyweight technology companies this week that could provide direction to the markets.

German carmakers will reveal the extent of the dent a global chip shortage has made in their third quarter earnings over the next ten days, as investors fret over the next bump in the road.

Car rental firm Hertz has ordered 100,000 Tesla Inc cars, Bloomberg News reported on Monday, citing people with knowledge of the matter.

Car rental firm Hertz has ordered 100,000 Tesla Inc cars, Bloomberg News reported https://bloom.bg/3EgWfho on Monday, citing people with knowledge of the matter.

U.S. stock index futures edged higher on Monday as investors geared up for earnings reports from heavyweight technology companies this week, while PayPal jumped after it said it was not interested in buying Pinterest.

General Motors Co and Ford Motor Co are likely to show investors both the positive and negative financial impacts of the global semiconductor chip shortage when the U.S. automakers report third-quarter results on Wednesday.

Panasonic unveiled on Monday a more advanced prototype battery that has five times the storage capacity of current ones, with the company's battery chief saying it will help deepen business ties with U.S. electric car maker Tesla Inc.

Brembo could look at buying tech startups to boost the software content of its premium brakes, Chief Executive Daniele Schillaci said, as the Italian company unveiled its latest braking system.

South Korea's LG Chem Ltd posted a 20% fall in quarterly profit on Monday, hurt by a one-off expense associated with the recall of General Motors' Bolt electric vehicles.