- US stocks climbed higher in the first trading session of 2021 on Monday as investors returned from the New Year holiday.
- Bitcoin saw a volatile trading session on Monday after it fell 17% following a surge to record highs just below $35,000.
- Watch major indexes update live here.
US stocks gained in the first trading session of 2021 on Monday as investors returned from the New Year holiday.
Bitcoin surged and then dropped in a volatile trading session. The popular cryptocurrency hit record highs just below $35,000 on Sunday before falling as much as 17% in Monday trades to levels not seen since last week. Bitcoin’s fall was its steepest since March.
Here’s where US indexes stood shortly after the 9:30 a.m. ET open on Monday:
- S&P 500: 3,766.38, up 0.27%
- Dow Jones industrial average: 30,634.72, up 0.09% (28.24 points)
- Nasdaq composite: 12,947.43, up 0.39%
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Tesla jumped 3% after it said it delivered nearly 500,000 electric vehicles in 2020, besting Wall Street expectations and falling just a few hundred vehicles short of its delivery target.
Nio was following in Tesla’s footsteps after it reported record December and fourth quarter delivery numbers. The stock jumped as much as 5% in Monday trades.
Herbalife fell in Monday trades after billionaire investor Carl Icahn sold $600 million worth of shares in the company and gave up board seats.
Oil prices were mixed. West Texas Intermediate crude dropped 0.33%, to $48.36 per barrel. Brent crude, oil’s international benchmark, rose 0.14%, to $51.87 per barrel.
Gold jumped 2.69%, to $1,946.10 per ounce.
By: Matthew Fox
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Capital.com 88.6K subscribers Watch our detailed S&P 500 forecast 2021 and see where the stock market will be headed throughout the coming year. Despite all the economic turmoil that this year has brought to the world, 2020 has actually been stellar for the stock market, and many further growth for S&P 500 in 2021. So much so that many analysts have already predicted more double digit gains in their SP500 index forecast. The distribution of new COVID-19 vaccines is largely what is considered to be a strong driver for the SP500 analysis 2021 due to the lasting economic recovery that it implies.
In fact, JPMorgan Chase has even stated that these are among the best conditions for sustained gains in years as far as the SP500 outlook 2021 goes. With that in mind, all the most prominent projections for the SP500 target 2021 range from 3,800 to 4,200. And some of these SP500 estimates 2021 are even fairly modest, as they don’t all consider a positive vaccine outcome. And if the results of the vaccine do prove positive, then there’s room for even more upside in the SP500 forecast. Hence, for SP500 investing, 2021 may actually prove to be the best year in history. But there’s also another take on the SP500 prediction 2021, which we will cover in today’s video. Stay tuned for our full SP500 forecast 2021.
And find out what the SP500 futures forecast has in store for the coming weeks. Have your own SP 500 futures forecast 2021 in mind? Let us know in the comments! Give us a thumbs up if you liked our “SP 500 Technical Analysis 2021” video, and leave us a comment down below with your thoughts on the current market situation. And for the latest updates on the SP 500 forecast analysis 2021, be sure to subscribe to the Capital.com channel! #SP500#SP500Forecast#SP500Futures