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Aug. 5, 2021, 4:52 p.m. EDT

S&P 500, Nasdaq close at records and Dow retakes 35,000 as value, tech stocks rally in tandem

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By William Watts and Steve Goldstein

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“All the major automakers rallied but if the new guidelines aimed at 2026 are too aggressive that may weigh on some manufacturers” wrote OANDA senior market analyst Edward Moya. “Electric vehicles for the masses should excite Tesla /zigman2/quotes/203558040/composite TSLA +0.18% , NIO /zigman2/quotes/204905836/composite NIO -0.62% , XPeng /zigman2/quotes/219982686/composite XPEV -0.49% , and Lucid Motor /zigman2/quotes/221104327/composite LCID -1.98% shareholders. 

Which companies were in focus?

  • Robinhood Markets Inc. /zigman2/quotes/228268942/composite HOOD +0.31% shares were down 12% following the online brokerage’s 50% surge on Wednesday. Robinhood on Thursday filed to sell up to 97.9 million Class A shares over time . The sales will be made by selling shareholders upon the conversion of certain convertible bonds held in connection with the IPO and the company will not receive any proceedings.

  • Shares of Veoneer Inc. /zigman2/quotes/201084443/composite VNE -0.03% jumped 23%, after Qualcomm Inc. /zigman2/quotes/206679220/composite QCOM -0.26% announced that it had offered to buy automotive safety electronics company for $37 a share, which is 18% above the Magna International Inc.’s /zigman2/quotes/204433886/composite MGA +1.90% already agreed-upon buyout bid of $31.25 . Qualcomm shares were down 1.4%, while Magna shares rose 1.9%.

  • Moderna Inc. /zigman2/quotes/205619834/composite MRNA -0.18% said Thursday that its COVID-19 vaccine is 93% efficacious six months after the second dose as part of its  second-quarter earnings announcement . Shares were up 0.1%, after soaring 20.9% the past two days to close at a record $419.05 on Wednesday.

  • Uber Technologies Inc. /zigman2/quotes/211348248/composite UBER -2.23% shares rose 6.3% after reporting worse margins than forecast.

  • Shares of cloud-software company Fastly Inc. /zigman2/quotes/212251938/composite FSLY -0.50% fell 17% after the company reported the financial impact of an outage.

  • Etsy Inc. /zigman2/quotes/202790087/composite ETSY +2.96% shares dropped 6.2% after the online arts marketplace had fewer active buyers than expected.

What did other markets doing?

  • The yield on the 10-year Treasury note /zigman2/quotes/211347051/realtime BX:TMUBMUSD10Y -0.85% rose more than 4 basis points to close at 1.217%. Yields and debt prices move in opposite directions.

  • The ICE U.S. Dollar Index /zigman2/quotes/210598269/delayed DXY +0.09% , a measure of the currency against a basket of six major rivals, fell 0.1%.

  • Oil futures /zigman2/quotes/209723049/delayed CL00 -0.67% ended 1.4% higher, breaking a three-day losing streak , while gold futures /zigman2/quotes/210034565/delayed GC00 +0.04% closed with a loss of 0.3%.

  • In European equities, the Stoxx Europe 600 /zigman2/quotes/210599654/delayed XX:SXXP -0.13% rose 0.4%, while London’s FTSE 100 /zigman2/quotes/210598409/delayed UK:UKX -0.29% ended with a loss of less than 0.1%.

  • In Asia, the Shanghai Composite /zigman2/quotes/210598127/delayed CN:SHCOMP +0.22% fell 0.3% and the Hang Seng Index /zigman2/quotes/210598030/delayed HK:HSI -0.45% dropped 0.8%, while Japan’s Nikkei 225 /zigman2/quotes/210597971/delayed JP:NIK -1.87% rose 0.5%.

/zigman2/quotes/203558040/composite
US : U.S.: Nasdaq
$ 865.80
+1.53 +0.18%
Volume: 14.03M
Oct. 20, 2021 4:00p
P/E Ratio
451.15
Dividend Yield
N/A
Market Cap
$855.64 billion
Rev. per Employee
$445,694
loading...
/zigman2/quotes/204905836/composite
US : U.S.: NYSE
$ 39.78
-0.25 -0.62%
Volume: 25.12M
Oct. 20, 2021 4:04p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$65.59 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/219982686/composite
US : U.S.: NYSE
$ 42.94
-0.21 -0.49%
Volume: 5.70M
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$36.70 billion
Rev. per Employee
$166,548
loading...
/zigman2/quotes/221104327/composite
US : U.S.: Nasdaq
$ 24.24
-0.49 -1.98%
Volume: 15.46M
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$40.03 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/228268942/composite
US : U.S.: Nasdaq
$ 41.83
+0.13 +0.31%
Volume: 4.06M
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$35.67 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/201084443/composite
US : U.S.: NYSE
$ 35.17
-0.01 -0.03%
Volume: 705,288
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$3.94 billion
Rev. per Employee
$182,023
loading...
/zigman2/quotes/206679220/composite
US : U.S.: Nasdaq
$ 132.16
-0.34 -0.26%
Volume: 4.80M
Oct. 20, 2021 4:00p
P/E Ratio
16.51
Dividend Yield
2.06%
Market Cap
$149.46 billion
Rev. per Employee
$573,927
loading...
/zigman2/quotes/204433886/composite
US : U.S.: NYSE
$ 84.54
+1.58 +1.90%
Volume: 3.66M
Oct. 20, 2021 4:00p
P/E Ratio
11.70
Dividend Yield
2.03%
Market Cap
$24.96 billion
Rev. per Employee
$206,816
loading...
/zigman2/quotes/205619834/composite
US : U.S.: Nasdaq
$ 333.01
-0.60 -0.18%
Volume: 4.98M
Oct. 20, 2021 4:00p
P/E Ratio
41.57
Dividend Yield
N/A
Market Cap
$134.66 billion
Rev. per Employee
$617,996
loading...
/zigman2/quotes/211348248/composite
US : U.S.: NYSE
$ 46.00
-1.05 -2.23%
Volume: 15.57M
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$88.66 billion
Rev. per Employee
$488,553
loading...
/zigman2/quotes/212251938/composite
US : U.S.: NYSE
$ 49.32
-0.25 -0.50%
Volume: 5.17M
Oct. 20, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$5.78 billion
Rev. per Employee
$309,770
loading...
/zigman2/quotes/202790087/composite
US : U.S.: Nasdaq
$ 233.12
+6.71 +2.96%
Volume: 2.00M
Oct. 20, 2021 4:00p
P/E Ratio
67.22
Dividend Yield
N/A
Market Cap
$28.66 billion
Rev. per Employee
$1.22M
loading...
/zigman2/quotes/211347051/realtime
add Add to watchlist BX:TMUBMUSD10Y
BX : Tullett Prebon
1.65
-0.01 -0.85%
Volume: 0.00
Oct. 21, 2021 5:20a
loading...
/zigman2/quotes/210598269/delayed
US : U.S.: ICE Futures U.S.
93.65
+0.09 +0.09%
Volume: 0.00
Oct. 21, 2021 5:10a
loading...
/zigman2/quotes/209723049/delayed
US : U.S.: Nymex
$ 82.86
-0.56 -0.67%
Volume: 85,914
Oct. 21, 2021 5:10a
loading...
/zigman2/quotes/210034565/delayed
US : U.S.: Nymex
$ 1,785.70
+0.80 +0.04%
Volume: 39,484
Oct. 21, 2021 5:10a
loading...
/zigman2/quotes/210599654/delayed
XX : STOXX
469.46
-0.61 -0.13%
Volume: 0.00
Oct. 21, 2021 11:05a
loading...
/zigman2/quotes/210598409/delayed
UK : FTSE UK
7,201.84
-21.26 -0.29%
Volume: 99,005
Oct. 21, 2021 10:05a
loading...
/zigman2/quotes/210598127/delayed
CN : China: Shanghai
3,594.78
+7.78 +0.22%
Volume: 35.23B
Oct. 21, 2021 3:01p
loading...
/zigman2/quotes/210598030/delayed
HK : Hong Kong Exchange
26,017.53
-118.49 -0.45%
Volume: 2.09M
Oct. 21, 2021 4:08p
loading...
/zigman2/quotes/210597971/delayed
JP : Nikkei
28,708.58
-546.97 -1.87%
Volume: 0.00
Oct. 21, 2021 3:15p
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