Wall Street’s main indices rose on Monday as Microsoft announced its plans to buy TikTok’s U.S. operations and a clutch of upbeat quarterly earnings reports lifted sentiment in the absence of a fiscal coronavirus relief deal.
Stocks showed impressive rally on Monday with Amazon (AMZN) and Apple (AAPL) leading tech stocks amidst expectations of the new stimulus package from the government.
The compounding economic uncertainty due to the rising COVID-19 cases and the growing tensions between the U.S. and China have caused the gold price to soar higher taking them at their record-high levels of 2011.
Wall Street investors are closely waiting for Tesla Q2 2020 results that may boost TSLA inclusion in the S&P 500. The company has already set the expectations high by announcing 30% more vehicle deliveries in Q2.
The tech sector continues to drive market optimism despite the rising COVID-19 cases. Amazon has been the biggest beneficiary of government lockdown as the platform’s consumer spending has surged 60% year-over-year since the end of April 2020.
Moderna (MRNA) stock rose 15% yesterday and today in the pre-market it is 5% up. It has become known that starting from July, 20 Moderna will be included in the Nasdaq 100 index.
The Wall Street rally seems to have come to its end as most defining stocks closed lower amidst increasing COVID-19 cases.
Obtaining exposure to cryptocurrencies can often seem like a daunting task with a myriad of choices to look at. But in a country like the United Arab Emirates (UAE), rather than limiting one’s choices to one or two projects, the Crypto Price Index is offering an entirely different approach, which can be achieved through its native CPIX token.
Tesla’s mammoth growth in 2020 has helped Elon Musk to add over $43 billion to his personal fortune just in the last six months. Currently, Elon Musk is the highest-paid CEO in the U.S. drawing a $595 million payday check.
Tesla (TSLA) stock growth and the company’s performance are expected to help Tesla enter the S&P 500 index. The stock hit a new record high on Friday closing above $1540 levels.
Tesla investors are beginning to short the company’s stock. As a result, the automaker is poised to hit the $20 billion short-interest threshold.
The U.S. stock market has taken a new turn as Nasdaq has set a new record high. This increase is mainly due to a recent surge in Apple and Microsoft shares.
As the clouds of COVID-19 concerns continue to hover over Wall Street, tech and software companies see a major surge due to larger demand and the changing economic dynamics. Dow Jones and other indices moved higher.
At the beginning of the week, Wall Street was quite optimistic being supported by the signs of strength in the service sector, however, now the performance of its key components shows a downtrend.
Last week’s growth in Chinese markets has spiked a bullish run in U.S Wall Street. Hopes for a full economic recovery are gaining momentum.