Xpeng (XPEV) stock price jumped over 41% at the end of the first trading day and is up 7.59% in the pre-market today.
Abbott Laboratories’ coronavirus test, known as the BinaxNOW COVID-19 Ag Card, costs just $5 and provides results in 15 minutes without any lab equipment. It is highly reliable, with 97.1% sensitivity and 98.5% specificity.
Electric vehicle stocks are climbing consistently, with Tesla hitting a market cap over $400 billion, which also increased Elon Musk’s net worth.
Amazon (AMZN) stock jumped 2.85% on Wednesday but today the stock is down. The company announced that it had opened its first Amazon Fresh grocery store in Los Angeles, with many more anticipated to be opened in different places to compete with Walmart.
Elon Musk has seen his net worth skyrocket in recent months as Tesla (TSLA) shares have more than tripled.
Salesforce (CRM) stock recorded a 26.04% increase yesterday to close the day trading at $272.32. The rise is highly attributed to the better than expected fiscal 2021 second-quarter results.
As Netflix and Roku reported a good revenue performance in the first half of 2020, Wall Street analysts and investors expect the shares from both of them to continue with the uptrend.
According to Facebook, Apple’s privacy policy has “forced” its decision to stop collecting identifiers for advertisers on devices with iOS 14 and limit the data that apps can collect using its services.
Xiaomi more than doubled net income to $716 million in the Q2, beating the highest analyst estimate. Sales increased by 3.1% to 53.5 billion yuan. Xiaomi’s overseas business has recovered to pre-COVID-19 levels.
The shares of Apple (AAPL) saw a slight dip on Tuesday despite a report showing that iPhones sales have been steady amid global decline from competitors.
American Airlines will fly less than 50% of its normal schedule in the fourth quarter. International flights will be reduced to only 25% of last-year levels.
The tech sector continues to take the markets ahead as indices hit new highs. The U.S. and China have resumed the phase one of the trade talks as the two giant economies plan to come to common grounds with their trade settlements.
Salesforce’s revenue for Q2 2020 jumped 29% beating Street expectations by a good margin. The company has set a new revenue target for fiscal 2021 as it prepares to make an entry at the Dow Jones replacing Exxon Mobil.
The shares of Salesforce.com, Amgen and Honeywell will replace those of Exxon Mobil, Pfizer and Raytheon Technologies respectively in Dow Jones 30 stock listed. The implementation will become effective before the start of trading on August 31.
Travel stocks such as shares of airlines, cruise operators, and hotels rose following an FDA announcement on coronavirus treatment and vaccines.