“It’s scary now” Tesla surges another 7%… Also beat Facebook

– Tesla surged 7%, closing for 11 consecutive trading days.

On the 8th (local time) in the New York Stock Market, Tesla ended the market at $880.02, up 7.8%. The market capitalization surpassed Facebook, making it the 5th largest company in the market value.

Tesla’s market cap jumped to 834.1 billion dollars (910,8372 billion won) on the back of a surge in stock prices.

The major index of the New York Stock Exchange also rose on the same day as expectations for the new government’s active economic stimulus continued despite the sluggish US employment. The three indexes continued their march to record highs.

On the New York Stock Exchange (NYSE), the Dow Jones 30 Industrial Average closed at 31,097.97, up 56.84 points (0.18%) from the previous length, and the Standard & Poor’s (S&P) 500 Index rose 20.89 points (0.55%) from the previous year to 3824.68. , The Nasdaq index, which is centered on technology stocks, rose 134.50 points (1.03%) to close at 13,201.98. The Dow index rose about 1.6% this week. The S&P500 index rose 1.8% and the NASDAQ rose 2.4%.

The mayor watched Joe Biden’s next government’s fiscal policy, employment indicators, and news related to the novel coronavirus infection (Corona 19).

The expectation that the new government will boost the economy through aggressive fiscal policy supported risky asset investment.

There was confusion, but Biden’s inauguration as the next president was confirmed. A new power structure in the United States was completed with the Democratic Party taking the lead in the Senate and House of Parliament.

The possibility of introducing a large-scale stimulus package led by the Democratic Party has increased.

The addition of positive news related to the Corona 19 vaccine also supported the share price.

Following the vaccines from Pfizer and AstraZeneca, the British government has approved the emergency use of Modena vaccines. News also came that the European Union will decide whether to use a vaccine developed by AstraZeneca later this month.

The Corona 19 situation is still unstable.

The day before, the number of deaths per day from Corona 19 surpassed 4,000 for the first time in the United States. There was also news that a new mutant virus may be spreading in the United States, different from those found in the UK.

By industry, technology stocks rose 0.75% and industrial stocks fell 0.22%. Financial stocks also fell 0.19%.

New York stock market experts predict that expectations for the US government’s economic stimulus will continue.

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