To begin the trading day, investors should be aware of the following five important points:
1. Boom years On Friday, the S&P 500 reached its 34th record closing of the year. Its 2024 rally has increased to 16.7%. Led by Tesla and Nvidia, the Nasdaq Composite also closed at a record high, gaining 22.3% so far this year.
2. Boeing admits responsibility As a result of two 737 Max crashes that claimed 346 lives, Boeing entered a guilty plea, according to a statement released by the Department of Justice on Sunday
3. Resuming operations We have returned. After months of negotiations, David Ellison’s Skydance Media and Paramount Global announced late on Sunday that they had decided to join.
4. Biden’s pivotal week With the House and Senate reconvening after their holiday break and pressure growing to withdraw from the campaign, President Joe Biden is about to embark on a momentous week.
5. Springing back With a rise in stock on Friday, Tesla officially erased its 2024 losses. It began the year with a terrible performance, plunging as low as $138.80 in April. On Friday, it closed at $251.55 per share, up 27% over the previous week.
Source (CNBC)
