Monday was the first day after the split between apple and Tesla, with both stocks up sharply. Apple shares rose 3.39%, the best performing component of the Dow; Tesla shares were up about 13%. Tesla closed Monday with a market capitalization of $464.3 billion, surpassing visa for the first time to become the seventh largest U.S. company by market value. Visa closed at $451.1 billion.
However, Leon Cooperman, a well-known investor, said on Monday that the share price rise triggered by the split was a troubling sign for the market.
In August, the Dow rose 7.6%, the biggest gain since 1984. The benchmark index rose 7% in August, the best month since 1986.
The benchmark index also rose for the fifth consecutive month. Data from Suntrust / truist advisory, an investment firm, show that the index has risen only 26 times in five consecutive months since 1950.
However, it is worth noting that after such a strong monthly rally, the near-term stock market returns will moderate as expected, Keith Lerner, the companys chief market strategist, said in a report (Liu Chun)
Extended reading: musk has become the third richest man in the world! Only Bezos and gates were removed from the supply chain list by apple? Ou Fei Guangs emergency response: is the information being verified that tiktoks transaction was announced as early as September 1? Byte skipping: no comment. Source: Netease technology report editor in charge: Qiao JunJing_ NBJ11279