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Wall Street breaks records amid Tesla's sharp growth


Kasım, 02 2021
watermark Economic news

At the close of trading on Monday, the main Wall Street indexes reached record highs amid a sharp rise in the value of Tesla shares. The company's securities jumped in price by 8.5%, which contributed to the growth of the S&P 500 consumer services sector by about 1.5%. 


It is worth noting that last week the market value of the electric car manufacturer exceeded $1 trillion, and since then the shares have continued to rise in price. 


Yesterday, the Dow Jones index exceeded 36,000 points for the first time in history. Today, the index is hovering at 35,913.84. The S&P 500 has risen by 8.29 points to 4,613.67 points. Nasdaq soared to 15,905.28 points. 


Market participants are also waiting for the outcome of the US Federal Reserve meeting. Many predict that tomorrow the US regulator will approve a reduction in the $120 billion monthly bond repurchase program, as well as give comments on interest rates and how stable the recent increase in inflation is.



    






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