S&P futures near record high in bright start to new year

Published by
Reuters

By Bansari Mayur Kamdar (Reuters) – Futures tracking the S&P 500 neared record levels on Monday as Wall Street looked to extend a recovery from the pandemic shock into the new year, while shares in heavyweight Tesla jumped after the electric carmaker posted bumper delivery numbers. Tesla’s shares rose 6.9% in premarket trading after the company’s quarterly deliveries exceeded Wall Street estimates, riding out global chip shortages as it ramped up China production. The company’s record deliveries also boosted other companies in the electric vehicle sector including Lucid Group and Rivian Automo…

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