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Wall Street breaks new records. Tesla over $ 1000
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Wall Street breaks new records. Tesla over $ 1000

created Daniel KosteckiSEPTEMBER 26, 2021

5% inflation, supply problems, rising costs, the specter of an energy crisis - nothing seems to be able to discourage the purchase of US stocks. Yesterday's session on Wall Street brought new records of the major stock indices.

Dow Jones i S & P 500 on Monday they closed at record levels during the regular session. The first of these indices broke the level of 35 750 points, and the second 4570 points.

Now Tesla!

The company attracted attention Teslawhose share prices rose by more than 12 percent and market capitalization exceeded $ 1 trillion. The personal fortune of Elon Musk, the richest man in the world according to the Bloomberg ranking, exceeded USD 280 billion.

It seems that the company Elona Muska benefits from problems with the delivery of traditional cars to Europe, which is influenced by the shortage of components. Including this made the Tesla Model 3 the best-selling car in Europe.

Hertz car rental company announced that it will order 2022 by 100 tesla. President Hertz said that electric cars are entering the mainstream and will occupy an increasing part of the market.

More results on Wall Street are ahead of us

Today, investors are waiting for the next data releases of large companies listed on the US stock exchange. On Tuesday, the results for the third quarter will be published by: Alphabet, Microsoft, 3M, UPS, Visa, Twitter, Advanced Micro Devices or Robinhood.

Of the 117 companies in the S&P 500 index that have submitted reports to date, 84 percent beat the market forecasts - he says Refinitiv.

Currently, US indices are being valued

According to the Wall Street Journal, the popular price / earnings ratio for the Dow Jones Industrial Average is as of October 22nd. 23,07 on a value of 26,29 years ago. For the S&P 500 index, the same valuation index as of October 22 this year. is 30,45 with a value of 38,25 a year ago.

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About the Author
Daniel Kostecki
Chief Analyst of CMC Markets Polska. Privately on the capital market since 2007, and on the Forex market since 2010.