S&P welcomes Tesla, Moderna stocks are soaring, DoorDash and Airbnb want to go public
The S&P 500 is finally opening its doors to Tesla (NASDAQ: TSLA). The S&P 500 is the index that measures the performance of 500 large companies listed on stock exchanges in the United States. Shares of Tesla jumped more than 10% in the after-hours session on the news that the electric carmaker is set to join the S&P 500. Click here to read more
Moderna’s (NASDAQ: MRNA) vaccine is more than 94% effective beating Pfizer’s 90%. Investors of course cannot get enough of Moderna and stock flew as high as 9% on Monday. U.S. top disease expert, Fauci, is excited about the progress and feels vaccinations could begin as early as the second half of December. Click here to read more
DoorDash, the number one food delivery company in the U.S is going public and food is not the only thing they will be delivering. DoorDash with more than 50% of the food market share does not want to deliver food and groceries alone but everything. The delivery company has partnered with CVs for pharmacy delivery and Macy’s for fashion delivery. In related news, Airbnb has also filed to go public. The travel industry has been hard hit by the coronavirus, Hilton Hotels revenue is currently 60% down. Airbnb however, is slowing making a rebound. The company’s gross booking value is down 20% a lot better than expected. Click here to read more
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