US tech stocks are on the rise.

On Monday, July 13, U.S. stock markets showed significant growth. The share price of the companies in the technology sector, which are part of the NASDA's Composite index, has reached its maximum figures. The situation with the COVID-19 epidemic in the United States leaves much to be desired, as the number of infected is growing exponentially.

 

The general situation looks like this on the stock markets:

• The Dow Jones Industrial Average rose to 26.279 points, or 1.42 percent.
• The Nasdaq Composite climbed 10,745 points, or 1.2 percent.
• The SP 500 rose to 3.208 points (0.69%).

 

Particular attention should be paid to shares of Elon Musk's company Tesla, which again showed an increase of 11.3% in one trading day. Now the company has received significant demand from investors, as if the indicators continue to grow, Tesla will join the technology companies of the S'P 500. It is not surprising, because the experts of the S'P 500 quarterly balance the composition of the index, and one of the conditions of entry - is profitability for four quarters.

 

Tesla shares have risen 83% since mid-June to today, the most surprising thing the company makes from the options market. Equally interesting is the fact that Musk had to reduce the cost of the new Model Y electric car by 6%, which entered the market 3 months ago.

 

Other companies continue to grow. For example, the value of Maxim Integrated Products securities rose by a record 13.4%. The reason for the growth is the news about the company's merger with Analog Devices. According to preliminary estimates of experts, the merger of the companies will result in an approximate capitalization of 70 billion USD.

 

The leader of the fall was United Airlines, where the value of securities fell by 5.0%. At the same time, American Airlines shares fell 2.9 percent. The reason for the fall is news about the new wave of COVID-19 around the world. As for the United States, johns Hopkins University published data that showed that the number of people infected with coronavirus has increased to sixty thousand in the last few days.

 

Despite the negative news, the U.S. stock market has received support from Goldman Sachs, whose goal is to stimulate companies before the earnings reporting season. It is worth noting that the reporting for July will go down in history exactly the same as for June 2020.