This week, the Federal Reserve will hold a FOMC meeting, and the market is expected to initiate a reduction in bond purchases. In this environment, investors continue to be optimistic about the performance of companies, stimulating the continuous rise of US stocks. According to data from IBES, more than half of S&P constituent stocks have released financial reports and are expected to see a 39% increase in third quarter earnings.
As of yesterday's close, the Dow broke through 36000 points for the first time in the day, and finally closed at 35913.84 points, up 94.28 points, or 0.26%. The S&P 500 index closed at 4613.67, up 0.2%. The Nasdaq closed at 15595.92 points, up 0.6%. The three major stock indices have all hit historic highs for the second consecutive day.
Among individual stocks, Tesla (TSLA) saw a significant increase. As of yesterday's close, Tesla was trading at 1208.59 points, up $94.59, or 8.49%. Looking back at Tesla's earlier financial reports, the performance exceeded market expectations, and the company was not affected by supply chain bottlenecks, still achieving vehicle deliveries that exceeded expectations.
Tesla CEO Elon Musk has recently become the world's richest person. After yesterday's close, Musk's wealth increased by $24 billion to $335.1 billion, three times that of Warren Buffett, the stock god, while Amazon founder Bezos, who ranked second, had only $143 billion in wealth.
As Tesla's stock price continues to rise, the Executive Director of the United Nations World Food Programme, Bisley, called for Musk to donate $6 billion, or less than 2% of his assets, to help 42 million people solve hunger problems.
Musk responded on Twitter that as long as the World Food Programme can accurately describe how this money will solve the difficulties, it will immediately sell Tesla shares for donation.
Kristina Hooper, Chief Global Market Strategist at Jingshun, said that although some companies' financial reports fell short of expectations, overall investor optimism remained.
Morgan Stanley strategist Michael Wilson said that the bullish trend in the US stock market may continue into the Thanksgiving holiday in the United States, but with the Fed's subsequent tightening measures, it may limit corporate growth and profits, and weigh on the performance of the US stock market.
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