You are here » Home » Video Gallery » Wall Street surges, recovers from last week's sell-off

Wall Street surges, recovers from last week's sell-off


Wall Street surges, recovers from last week's sell-off

U.S.A, Aug 15 (ANI): The Wall Street rose solidly on Monday and extended its recovery from last week's sell-off. Tech stocks led the broad-based rally.

Tesla shares zoomed higher and two brokerages hiked their price targets, citing the potential success of the electric car maker's mass-market sedan, the Model 3. Alibaba shares also rallied as activist investor Dan Loeb's Third Point bought 4.5 million shares in the Chinese e-commerce company.

However, Netflix shares fell and reportedly, the stock could plunge by more than half by the end of the decade. Meanwhile, European shares closed higher, driven by utilities and bank stocks.

MORE VIDEOS