- European stocks climb despite lockdown extensions
- US Covid-19 hospitalizations hit record for 17th day
- US stocks finished higher in shortened session
- Tesla (TSLA.US) has surpassed Berkshire Hathaway (BRKB.US) in market cap
US stocks also posted gains with the Dow Jones rose 0.13% and the S&P 500 gained0.28 % while the tech-heavy Nasdaq hit a record high as traders return from the Thanksgiving holiday for a shortened session. Tesla's market cap stands at about $564 billion and surpassed Berkshire Hathaway and now ranks behind just the tech giants like Apple, Microsoft, Amazon, Alphabet and Facebook. Tesla's shares rose 3% today ahead of joining the S&P 500 on Tuesday. Elon Musk become the second-richest person in the world, according to Bloomberg. Meanwhile the number of COVID-19 hospitalizations reached 90,481 and remains at record levels for 17 days in a row. US reported over 108k new infections yesterday, the least since November 8, however the Thanksgiving holiday limited testing capability. The numbers are expected to increase in the coming days because of big gatherings amid the holiday weekend and traditional Black Friday shopping. Meanwhile, AstraZeneca’s CEO said the company would run another trial on its coronavirus vaccine candidate amid questions over the drug’s effectiveness.
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