Reuters
- US stocks climbed higher in the first trading session of 2021 on Monday when investors returned from the New Year holidays.
- Bitcoin experienced a volatile trading session on Monday after falling 17% after a surge to records of just under $ 35,000.
- Check out the most important index updates here.
US stocks gained ground in the first trading session of 2021 on Monday when investors returned from the New Year holidays.
Bitcoin rose and then fell into a volatile trading session. The popular cryptocurrency reached a record high of just under $ 35,000 on Sunday before falling to 17% in Monday trades to levels not seen since last week. The fall of Bitcoin was the strongest since March.
Here was where US indices stood on Monday shortly after the opening of ET at 09:30:
Read more: GOLDMAN SACHS: Buy these 37 stocks that can deliver the strongest returns without taking big risks in 2021 as vaccine recovery and distribution is underway
Tesla jumped 3% after saying it had delivered nearly 500,000 electric vehicles by 2020, meeting Wall Street expectations and having just a few hundred vehicles less than its delivery target.
Nio followed in Tesla’s footsteps after recording a record number of December and fourth quarter. The share jumped by as much as 5% until Monday.
Herbalife traded on Monday after billionaire investor Carl Icahn sold $ 600 million worth of shares in the company and resigned as chairman of the board.
Oil prices were mixed. West Texas Intermediate crude fell 0.33% to $ 48.36 a barrel. Brent crude, the international benchmark for oil, rose 0.14% to $ 51.87 a barrel.
Gold jumped 2.69% to $ 1,946.10 per ounce.
Read more: The space industry will grow by more than $ 1 trillion in the next decade, says Bank of America. Here are the 14 stocks that are best positioned to take advantage of the boom.