Another Fed stimulus package is expected as the U.S. authorities are trying to push the economy forward. Global financial markets are rising in response.
Tesla (TSLA) stock jumped over 2% in the pre-market to trade at around $1,000. The company announced that the price of its Model S Long Range Plus will be reduced by $5,000.
To sell the shares, Hertz has entered into an Open Market Sale Agreement, or sales agreement, with Jefferies LLC. In the pre-market today, Hertz (HTZ) stock is 9.52% up, $2.07 per share.
People’s Bank of China gave American Express the green light to start operating a card-clearing network that will process transactions in yuan. Today the price of AXP stock is growing.
Let’s take a look at both Visa and Mastercard to see how they’re doing amid the coronavirus pandemic. Today both V and MA stocks are in red.
Moderna (MRNA) is up today. The rise may be attributed to news that the company’s coronavirus vaccine has passed a safety test on animals. Moreover, Israel is in talks with the company to buy its vaccine.
The U.S.-based publicly traded companies show superior progress in moving to a record $2 trillion market cap. Of these, more expectations are on Amazon.
AMD is gradually winning a bigger share in the market. Meanwhile, its stock price is slightly down.
Tesla Model Y is expanding into new markets. Meanwhile, the price of Tesla (TSLA) stock is falling. However, it is still over $900.
In the March-May quarter, H&M’s net sales dropped 50% from a year earlier to 28.7 billion crowns ($3.1 billion). But its online sales have increased by 36% in the period. The company’s stock price is down.
BP stock price has lost some steam after the company put out a lowered outlook on Brent crude futures for the next 30 years.
Within AstraZeneca’s agreement with Europe’s Inclusive Vaccines Alliance (IVA), France, Germany, Italy, and the Netherlands will accelerate the supply of the vaccine. AZN stock is up in the pre-market today.
Today Boeing (BA) stock is up nearly 8%. Meanwhile, the stock has dropped 48.53% in the past twelve months.
Morgan Stanley analyst Adam Jonas provided a bearish outlook for Tesla stock as the risks in U.S.-China relations are rising. TSLA stock is down today.
With market uncertainty rising yesterday, the top 5 tech companies saw their shares falling. Amid a worrisome surge in new coronavirus cases and a high unemployment rate, the stock market experienced an increase in volatility.