S&P 500, Dow jump over 2% to kick-start fourth quarter; Tesla down

Tesla down as Q3 deliveries miss market estimates; US factory activity slowest in 2.5 years in Sept; Credit Suisse, Citi cut 2022 year-end target for S&P 500

US stock indexes rose on Monday at the start of the final quarter of a tumultuous year in which investors fretted about aggressive interest rate hikes against the backdrop of historically hot inflation and fears of slowing economic growth.
 

Ten of the 11 major S&P 500 sectors advanced in mid-day trading, with the energy sector heading for its best day in more than three months.
 

Oil majors Exxon Mobil and Chevron Corp rose more than 4%, tracking a jump in crude prices as sources said the Organization of the Petroleum Exporting Countries and its allies are considering their biggest output