MARKETS

Monday, April 29, 4:20PM EDT

Stocks ended higher with sharp gains for Tesla and Apple leading the way, as investors looked toward what the Federal Reserve would say about the interest rate outlook after its policy meeting this week. Elon Musk made progress towards rolling out Tesla's advanced driver-assistance package in China on a whirlwind weekend trip to Beijing, sending the company's shares up. Shares in Apple rose after a well-known analyst at Bernstein Societe Generale Group upgraded the stock to an "outperform" rating, pointing to the prospects for phone replacement phone sales with help from generative artificial intelligence updates. Domino's Pizza topped expectations for first-quarter sales and profit, as consumers in the United States tapped into offers through the pizza chain's loyalty program. The Dow Jones Industrial Average was up 0.38% at 38,386.09. The Standard & Poor's 500 Index rose 0.32% to 5,116.17. The Nasdaq was up 0.35% at 15,983.08.