NEW YORK — Wall Street is rising toward more records on Monday at the start of a week that could show whether the U.S. stock market's big recent rally has been overdone or prescient.

The S&P 500 rose 0.5% and was on track to top its latest all-time high, which was set last week. The Dow Jones Industrial Average was up 31 points, or 0.1%, as of 12:41 p.m. Eastern time, and the Nasdaq composite was adding 0.9% to its own record.

Tesla helped lead the way and rose 6.1% after Elon Musk bought stock worth roughly $1 billion through a trust. The electric vehicle company’s stock price came into the day with a slight loss for the year so far, and the purchase could be a signal of Musk’s faith in it.

That helped overshadow an early dip for Nvidia after China accused the chip company of vio

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