Palo Alto Networks' Earnings Propel Stock Surge and Bullish Sentiment

Palo Alto Networks, Moderna, Nvidia, Tesla, and Broadcom were the top gainers in the S&P 500 index on Monday. The S&P 500 rose 0.7% while the Nasdaq jumped 1.6%. Palo Alto Networks stock surged after reporting better-than-expected earnings, Moderna stock rose due to rising Covid cases and a new deal, Nvidia stock rebounded after breaking a short-term trendline, Tesla stock snapped a losing streak, and Broadcom stock moved closer to its 50-day line. Both indices remain below their 50-day moving averages and the market is still in a correction.