Tesla soared 9.0% after the company’s quarterly deliveries exceeded Wall Street estimates, outpacing a global shortage of chips as production in China increased.
The stock gave the S&P 500 and Nasdaq the biggest boost, followed by Apple and Nvidia.
The bank index was up 2.7%, with Goldman Sachs, JPMorgan, Morgan Stanley and Wells Fargo gaining from 1.8% to 4.6%, following a jump in Treasury yields as the Investors expected a series of interest rate hikes from the Federal Reserve.
Meanwhile, the shares of large oil companies Chevron Corp and Exxon Mobil Corp rose more than 1%, as crude prices rose due to the shortage of supply and the hopes of a greater recovery in demand in 2022.
The S&P 500 energy index was the best performing sector in 2021 with an increase of 47.7%, its biggest annual profit to date, as rising oil prices boosted corporate profits.
The major Wall Street indices ended 2021 with monthly, quarterly and yearly gains, posting their biggest three-year advance since 1999.
The S&P 500 climbed 27% in 2021 and posted a record 70 closings, the second-highest ever, in a tumultuous year hit by new variants of COVID-19 and supply chain shortages. The Dow Jones rose 18.7% for the year and the tech-heavy Nasdaq gained 21.4%.
Source From: Ambito
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