The Limited Times

Now you can see non-English news...

The 2020 crisis? Wall Street actually jumped Israel today

2021-01-02T21:52:35.478Z


| economy The Dow Jones has jumped 7% in the past year; The S & P500 at 16% and the Nasdaq at more than 43%, as if the corona is a stimulant virus • Where could they enjoy 450%, and who jumped more than 300%? Photography:  AP Despite the corona - a new record for the Dow Jones at the end of 2020. The last trading day of the year on Wall Street, which closed on Friday morning Israel time, ended with pric


The Dow Jones has jumped 7% in the past year;

The S & P500 at 16% and the Nasdaq at more than 43%, as if the corona is a stimulant virus • Where could they enjoy 450%, and who jumped more than 300%?

  • Photography: 

    AP

Despite the corona - a new record for the Dow Jones at the end of 2020. The last trading day of the year on Wall Street, which closed on Friday morning Israel time, ended with price increases of up to 0.6% in all leading indices - with the Dow Jones recording a rise of more than 7 % Since January 2020, and stabilizes at a record high of 30,606 points.

The S & P500 also climbed more than 16% in the past year and the Nasdaq technology stock index jumped 43.64%. 

Of the Israeli stocks traded on Wall Street, Check Point continues to lead with an increase of about 19% in the past year, followed by Nice Weeks.

Teva, with a market value of about $ 10.5 billion, fell 3.4 percent this year.

The most successful Israeli stock was that of Solaredge - which is engaged in the development and production of “green systems, to maximize the power of photovoltaic solar energy facilities - with a meteoric jump of 233%.   

The seven major technology stocks added $ 3.4 trillion this year.

By comparison, the entire U.S. budget for the past year was about $ 4.8 trillion.

At the top of technology companies is Apple, which alone is responsible for about a trillion dollars, with an 81% jump in the company's share this year.

Amazon is lagging behind with 700 billion.

Microsoft's stock has soared more than 40% in the past year and the company has added 480 billion to the capital.

Facebook shares rose 33% (capital of 193 billion) and Alphabet (Google's parent company) by 30% - with a capital increase of 268 billion dollars.

Tesla shares have seen meteoric growth of about 700% in the past year - the highest figure among the list of companies traded on s & p - the index to which Tesla has only recently joined.

After Tesla lit Etsy - a company selling handicrafts and collectibles - whose shares rose more than 300% during 2020, Nvidia and PayPal.

Intel, on the other hand, fell by almost 20%.

Respectively, the heads of the companies in question are the richest in the world, led by Jeff Bezos from Amazon.

According to a study by the Brookings Institution, Bezos and the owners of Walmart pocketed a sum 35 times higher than the salary increases provided by the two companies to their 2.5 million employees during the Corona period.

Amazon added an average of 0.99 cents per hour to its employees during the Corona period, while Walmart added 0.71 cents - significantly lower increases compared to its Best Buy and Target competitors, which gave their employees an increase of 3.2 and 2.2 per hour, respectively.

"The difference between Walmart and Amazon and their competitors is particularly stark in light of the rhetoric of the two companies," a Brookings study found.

Amazon sought to refute the claims in the study and argued that it does not include reference to promotion options and various benefits that do not exist in other companies.

Bitcoin has jumped 4.5 times in the past year and as of last night was a step away from hitting the $ 30,000 currency mark for the first time.



Check for every citizen.

Meanwhile, the U.S. Congress has passed the $ 900 billion government incentive program, under which a graduate of at least $ 600 will be sent to every U.S. citizen.

President Trump has sought to veto the proposal and raise it to $ 2,000, while at the same time repealing a clause protecting major technology companies led by Facebook and Twitter from defamation lawsuits.

Opposition has been voiced by Republican lawmakers, while Democratic majority leader and Sen. Bernie Sanders support Trump's proposal to raise the amount, but the proposal is unlikely to pass.

In Europe, the Eurostocks recorded a decline of more than 5% over the past year, the French Kak lost more than 7% and the British Pottery fell by 14.3% during 2020. The German DAX was the only one to record a positive return, with an increase of 3.55% since January 2020. The European Union and China announced a "comprehensive investment agreement" between the Chinese and leading European countries, just before Joe Biden's expected entry into the White House. 

Source: israelhayom

All news articles on 2021-01-02

You may like

News/Politics 2024-04-07T01:43:50.022Z
News/Politics 2024-04-11T09:21:21.684Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.