Dow, S&P hit records as Tesla tops $1T
Hertz places order for 100,000 Teslas: report
U.S. stocks marched to record highs as investors digested another batch of earnings and oil hit a seven-year high.
The Dow Jones Industrial Average rose 66 points, or 0.19%, while the S&P 500 jumped 0.48% as both indexes finished at all-time highs. The Nasdaq Composite gained 0.9% to finish less than 1% below its own record peak.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 44782 | -128.65 | -0.29% |
SP500 | S&P 500 | 6047.15 | +14.77 | +0.24% |
I:COMP | NASDAQ COMPOSITE INDEX | 19403.947849 | +185.78 | +0.97% |
In stocks, PayPal Inc. said it is not pursuing a deal for pinboard site Pinterest Inc. The announcement comes after several media outlets reported last week that PayPal was in talks to buy Pinterest for $45 billion, or $70 per share, mostly in stock.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
PYPL | PAYPAL HOLDINGS INC. | 87.07 | +0.30 | +0.35% |
PINS | PINTEREST INC. | 30.32 | 0.00 | 0.00% |
Hertz Global Holdings Inc. placed an order for 100,000 Teslas, the single-biggest order for the electric-car maker’s vehicles, according to Bloomberg News, citing people with knowledge of the matter.
Tesla topped a $1 trillion market capitalization for the first time, becoming the sixth U.S. company to reach the milestone. Other companies that have surpassed the mark include Apple Inc. and Microsoft Corp.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
HTZZ | NO DATA AVAILABLE | - | - | - |
TSLA | TESLA INC. | 332.89 | -5.34 | -1.58% |
Kimberly-Clark Corp. missed on earnings and beat on sales with management warning it will raise prices further to mitigate the impact of "significant inflation" on its margins.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
KMB | KIMBERLY-CLARK CORP. | 139.19 | -0.53 | -0.38% |
Restaurant Brands International Inc., the parent company of Burger King, reported mixed quarterly results and warned labor shortages were weighing on sales.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
QSR | RESTAURANT BRANDS INTERNATIONAL INC. | 69.72 | +0.11 | +0.16% |
In commodities, West Texas Intermediate crude oil finished unchanged at $83.76 a barrel after earlier climbing above $85 for the first time in seven years. Gold, meanwhile, edged up $10.50 to $1,806 an ounce.
Overseas markets were mixed.
European trading was choppy with France’s CAC 30 slipping 0.31% while Germany’s DAX 30 and Britain’s FTSE 100 advanced 0.36% and 0.25%, respectively.
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In Asia, Japan’s Nikkei 225 slid 0.71%, Hong Kong’s Hang Seng index inched up 0.02% and China’s Shanghai Composite gained 0.76%.