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Tesla Inc tumbles 6.5% from record high in S&P 500 debut

Article content Tesla jumped 6 per cent on Friday in frantic trading ahead of its S&P 500 entry. Tesla’s addition to the S&P 500 led index-tracking funds to buy US$90 billion of shares by the end of Friday so their portfolios reflected the index, according to S&P Dow Jones Indices’ analyst Howard Silverblatt. The change was effective prior to the open of trading on Monday, and Tesla is replacing Apartment Investment and Management Co. Actively managed funds that benchmark their performance ...
New York United States Tim Ghriskey Howard Silverblatt Sp Dow Jones Thomson Reuters

Wall Street Closes Lower As Stimulus Rally Cools, Tesla Volume Jumps

Wall Street closes lower as stimulus rally cools, Tesla volume jumps The Dow Jones Industrial Average fell 124.32 points, or 0.41%, to 30,179.05, the S&P 500 lost 13.07 points, or 0.35%, to 3,709.41 and the Nasdaq Composite dropped 9.11 points, or 0.07%, to 12,755.64. Reuters December 19, 2020 / 07:57 AM IST U.S. stocks ended lower on Friday, pulled down by uncertainty around a coronavirus stimulus deal, while Tesla shares jumped in heavy trading ...
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Wall St down amid stimulus doubts - Taipei Times

Wall St down amid stimulus doubts ‘CULT STOCK’: Ahead of Tesla’s listing on the S&P 500 next week, its shares topped US$120 billion after 9pm GMT, with after-hours trade volume exceeding 200 million Reuters US stocks on Friday ended lower, pulled down by uncertainty around a COVID-19 stimulus deal, while Tesla Inc shares jumped in heavy trading in anticipation of their addition to the S&P 500 next week. All three major indices hit record highs a...
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GLOBAL MARKETS-Stocks surge on stimulus hopes; dollar depressed

* U.S. indices close at record highs * MSCI all-country world index strikes all-time high * Oil touches 9-month high * Brexit hopes boosts sterling NEW YORK, Dec 17 (Reuters) - Global stocks hit record highs on Thursday, fueled by growing optimism that deals will be reached over a fresh U.S. stimulus package and a post-Brexit trade deal between the United Kingdom and the European Union. From stocks to safe-haven gold and volatile bitcoin, financial assets were in festive mood. Bitcoin hit anoth...
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Wall Street closes lower as stimulus rally cools, Tesla volume jumps

Wall Street closes lower as stimulus rally cools, Tesla volume jumps By Karen Pierog and Caroline Valetkevitch FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in New York (Reuters) -U.S. stocks ended lower on Friday, pulled down by uncertainty around a coronavirus stimulus deal, while Tesla shares jumped in heavy trading in anticipation of their addition to the S&P 500 next week. All three major indexes hit record highs at the opening before retr...
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Source: metro.us

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Stocks surge on stimulus hopes; dollar depressed

Oil also climbed, touching a nine-month high, with strong Asian demand adding to positive sentiment. The U.S. dollar was the day’s standout loser, as the general risk-on mood sent the safe haven currency to 2-1/2-year lows against major peers. U.S. congressional negotiators were “closing in on” a $900 billion COVID-19 aid bill expected to include $600-$700 stimulus checks to individuals, lawmakers said on Wednesday. Progress on a stimulus package overshadowed continued concerns over the e...
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GLOBAL MARKETS-Stocks surge on stimulus hopes, US$ depressed

6:37 AM MYT All the major U.S. indices closed at record highs. The Dow Jones Industrial Average rose 0.49% to end at 30,301.79 points, while the S&P 500.SPX gained 0.57% to 3,722.43. The Nasdaq Composite climbed 0.84% to 12,764. NEW YORK: Global stocks hit record highs on Thursday, fueled by growing optimism that deals will be reached over a fresh U.S. stimulus package and a post-Brexit trade deal between the United Kingdom and the European Union. From stocks to safe-haven gold and volatile bit...
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