U.S. stocks up and down, Tesla surpasses visa to become the seventh largest U.S. listed company by market value

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 U.S. stocks up and down, Tesla surpasses visa to become the seventh largest U.S. listed company by market value


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)

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