As Democrats pledge complete ownership over the White House and Congress, New York missed Washington riots: NASDAQ climbed 13,000 points for the first time, S&P 500 climbed 1.5 percent and passed the 3,800 point mark, Dow Jones rose 0.7 percent over 31,000 Tesla leapt 8 percent to higher valuation than social network – $766 billion, Musk the world’s richest man – overtook Bezos, Apple and Microsoft.
23:00 – Tonight, the leading Wall Street indexes managed to smash records: the Nasdaq index soared 2.6% and soared for the first time past the 13,000 point threshold, the S&P 500 index leapt 1.5% and passed the 3,800 point mark, the Dow Jones rose 0.7% above 31,000 points. Outstanding in trade: Tesla shares, which leapt to a higher valuation than Facebook by 8 percent – $766 billion. The meteoric growth was enjoyed by business creator Alon Musk – and today he is the richest man in the world at the detriment of Jeff Bezos. Microsoft and Apple shares climbed 3.4 percent and 2.9 percent, respectively.
21:35 – Today, the WTI crude oil price rose by 0.4% and was set at $50.8 per barrel.
Tesla’s market cap matches Facebook: Tesla leaps up 6.5 percent to $ 763 billion, while Facebook climbs almost 2 percent. 20:45 – Another landmark for the richest man in the world (the new) – The two businesses now share the prized designation – the fifth largest Wall Street company.
20:05 – The S&P 500 again sets a milestone since the Dow Jones and Nasdaq, and climbs 1.4 percent for the first time over 3,800 points. Bleakley Advisory Group senior investment strategist Peter Boockvar said that “it is quite clear why The market does not care about last night’s riots, disturbing as they may be. It’s so simple, because the event has no meaning in the direction the economy is going. “
19:50 – Green lock on European stock markets that prompted the US Congress to approve the triumph of Biden: the German DAX increased 0.6%, the British Potsy climbed 0.2% and the French CAC gained 0.7%.
Deutsche Bank rose by 2.2 percent in Frankfurt . In Paris, after agreeing to buy US rival DXC Technology for $ 10 billion, the Atos share of the IT firm dropped 13.1 percent.
18:10 – In the last hour, Facebook announced that it would block the account of outgoing President Trump, at least before the end of his ten-day tenure.
17:30 – And here’s what happened: with $185 billion in cash, Tesla founder Elon Musk became the richest man in the world, overtaking Amazon founder Jeff Bezos. Telsa’s shares rose 4.3 percent .
17:15 – Bank increases intensify: JP Morgan is rising 4.3%, Wells Fargo 3.9%, Bank of America 3.4%, Morgan Stanley 3.2%, Goldman Sachs 2.6%.
16:30 – Dow Jones Industrial Average up 0.5%, S&P 500 up 0.9 percent and Nasdaq up 1.5 percent – Wall Street market opens higher. Tesla is up 3%, similar to the share cap of Facebook. Around $738 billion worth of Tesla, around $754 billion worth of Twitter.
Banks solid earnings on a consecutive Monday: JP Morgan improves 3 percent . Goldman Sachs has risen 1.5 percent . At Techno: Apple is 1.5% up, Facebook is 1.3% up, Amazon is 1.5% up.
Modern climbs 4% and achieves a 10% two-day jump. Modern And on the same issue, after the agreement with the pharmaceutical giant Bayer, also German, the share of the German pharmaceutical firm CureVac increased by 17 percent. The aim of the connection is to speed up the production of Corona’s Cureback vaccine, which has been in phase 3 since December.
14:40 – Maybe it will happen today: Elon Musk is $ 3 billion away from being the world’s richest man. The holdings of the Tesla founder are worth $181.1 billion, second only to Jeff Bezos, the founder of Amazon.
Musk left Facebook founder Mark Zuckerberg behind at the beginning of September 2020 and has since become the third richest man in the world. After, he overtook the second wealthiest man in the world, Bill Gates, by the end of November. And if that is not enough, since Tesla’s value is not far from overtaking Facebook’s, Bezos is on his way to leave more dust for Zuckerberg.
Tesla’s market capitalization was $716.5 billion as of last night. Facebook is worth about 750 billion dollars. To become the fifth largest firm on the New York Stock Exchange, a daily or two-day leap in the profitable 2020 share of the top 500 on Wall Street would be enough for Tesla. Last year, Tesla soared 743 percent.