Musk, 49, is poised to become the world's third-richest person, after his net worth rises by more than $12 billion
(Reuters) - Tesla Inc is set to join the S&P 500 in December, a major win for Chief Executive Elon Musk that boosted the electric car maker's shares 14% on Monday in anticipation of a $51 billion (£39 billion) trade by index funds adjusting their holdings.
(Reuters) - The S&P 500 and Dow hit record highs moments after the open on Monday, as news of the first successful late stage COVID-19 vaccine trials stirred hopes of the economy emerging from a year of pandemic-driven crisis.
Biden extended narrow leads in Pennsylvania and Georgia, putting him on the verge of winning the White House
The Dow Jones Industrial Average rose 1.75 per cent to 28,334.47, while the S&P 500 gained 1.91 per cent
The rebound came after a more than 3 per cent slide a day earlier in Wall Street's major indexes, underscoring heightened market volatility ahead of the presidential election next week
The Dow Jones Industrial Average fell 34.20 points, or 0.12%, at the open to 27,651.18.
The Dow ended lower on the day, moving within tight ranges
The Dow Jones Industrial Average rose 45.99 points, or 0.16 per cent
The S&P 500 opened higher by 2.94 points, or 0.09%, at 3,438.50, while the Nasdaq Composite gained 42.28 points, or 0.37%, to 11,526.98 at the opening bell
Snap Inc surged 26.6% after the Snapchat messaging app owner beat user growth and revenue forecasts, as more people signed up to chat with friends and family during the Covid-19 pandemic
Downbeat comments from Treasury Secretary Steven Mnuchin that a deal would not likely be made before the vote
An impasse over a Covid-19 stimulus bill in Washington also kept the mood in check
The Dow Jones Industrial Average fell 72.57 points, or 0.25 per cent, at the open
Apple Inc was a major support for the three main stock indexes with a 3.6 per cent gain ahead of a special event on Tuesday
Stocks were higher before the remarks, but reversed course after Trump made the comments on Twitter
Should uncertainty persist, technology and momentum stocks that have led this year's rally may be particularly vulnerable to a selloff, some investors said
11 major S&P 500 sectors were split down the middle in early trading with five falling and energy stocks and financials, which bounced strongly in the previous session, giving back most of their gains
The S&P industrials sector added 0.2 per cent as data showed new orders for key U.S.-made capital goods increased more than expected in August.
Data from IHS Markit showed gains at factories were offset by a retreat at services industries in September