US markets hit fresh records; Tesla fell 5% on Musk Twitter poll; Live Nation fell 5% on concert deaths.
- The Nasdaq rose 0.1% to close Monday’s session at a record 15,982.
- Tesla tumbled almost 5% on Musk’s Twitter poll to offload 10% shareholding.
- Live Nation Entertainment fell 5% following the death of eight concertgoers.
The US markets started the week at yet another set of record highs across the three key indices as a number of strong corporate quarterly earnings reports were released, with 81% of S&P500 companies who have reported results topping analyst earnings forecast according to Refinitiv.
The Dow Jones rose 0.29% to finish the trading day up 104 points to close at 36,432 points.
The tech heavy NASDAQ rose 0.1% to finish the trading day up 11 points to close at 15,982 points with Netflix and Google gaining 0.89% and 0.07% respectively.
One bitcoin is worth US$67,270 going into the Asian trading day.
The Australian dollar is firm against the major currencies and is buying 74.18 US cents.
Tesla shares fell 4.84% on Monday as investors prepare for the EV giant’s CEO Elon Musk to sell 10% of his Tesla shareholding after asking whether he should sell it or not in a Twitter poll. The poll attracted a great response, with 57.9% of replies voting for Musk to offload the 10%.
Shares in Live Nation Entertainment tanked more than 5% yesterday following the deaths of eight people in a stampede at the Astroworld Concert in Houston on Friday night. Live Nation owns the promotion company that ran the sold-out event, with Drake and Travis Scott now facing lawsuits from other injured concertgoers for allegedly inciting the crowd stampede.
And a video of Jeff Bezos has gone viral as the Amazon founder jokingly threatened Leonardo DiCaprio after his girlfriend Lauren Sanchez was swooning over the Hollywood actor at an event last weekend.
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