Stocks on Wall Street on Monday closed the first trading day of 2022 higher after Apple became the first company to surpass the $3 trillion market cap during the session.
The Dow Jones Industrial Average index closed 0.68% higher as banking giant Goldman Sachs rose up by 3.34%. On the other hand, the Nasdaq 100 was up 1.11% at close while the S&P 500 ended 0.64% higher supported by Tesla which pushed both indexes up.
Tesla Stock Surge
Shares of Tesla Inc. closed 13.53% higher in Monday’s trading session after the electric carmaker reported record quarterly deliveries on Sunday. Tesla reported that it delivered 308,600 vehicles for the last quarter of 2021, beating last quarter deliveries of 241,300 vehicles. The record vehicle deliveries for Q4 pushed its total vehicle sales for the year to over 936,000 vehicles, an 87% increase from 2020 deliveries which stood at approximately half a million cars.
Apple’s 3 Tn Market Cap
Shares of American tech giant Apple Inc. were up by over 2.5% on Monday to reach a new intraday record high to surpass $182.86 a share and became the first company in the US to hit a $3 trillion market cap. According to Wall Street Journal, Apple’s share price has more than tripled since the pandemic lows of March 2020, adding around $2 trillion in market capitalization.
Mercedes unveils new EV with 1,000 km range
Mercedes-Benz on Monday unveiled a new prototype electric vehicle named VISION EQXX, which it said will have an outstanding range of as much as 1,000 kilometers per charge.
The news comes as part of Daimler’s strategy to take a strong position in the electric vehicle market by investing more than €40 billion in the end of the decade. The company didn’t revealed when VISION EQXX will become available for customers, but said a test drive should take place in the first half of 2022.
