- Nasdaq surges 2.55% to close at 13,403.40 on Monday.
- Piper Sandler hikes Tesla share price target to US$1200.
- Grab upsizes loan to US$2BN following strong US demand.
The US markets closed in the green on Monday following key coronavirus stimulus talks between President Joe Biden and a group of Republican senators.
The tech-heavy Nasdaq gained 2.55% at 13,403.40, the Dow Jones industrial average was up 0.76% at 30,211.91 and the S&P500 climbed 1.61% to close at 3,776.86 on Monday.
The Australian dollar is buying $US0.76.
Bitcoin remains steady, trading at US$33,563.07 at 11am AEDT, up 2.04% in the last 24 hours.
Tesla shares soared almost 6% on Monday following a price target boost by Piper Sandler from US$515/share to US$1200/share. The hike is attributed to the EV maker?s ongoing opportunities and analyst Alexander Potter claiming the "fireworks aren?t over" for Tesla.
Meanwhile, Tesla founder and CEO Elon Musk debuted on exclusive, invite-only social media platform Clubhouse overnight, voicing his optimism on Bitcoin, providing a 5 and a half year timeline for SpaceX to reach Mars, and grilling Robinhood founder Vladimir Tenev on why that app now restricts user share purchase amounts in some companies.
In tech news, Southeast Asian ride-hailing and food delivery giant Grab has upsized its loan from US$750M to US$2BN on strong US demand and commitments from investors, including BlackRock and Carlyle.
And a world-first 3D printed house is up for sale in the US with a price tag of US$299,999. The three-bedroom, two-bathroom house was 3D printed by SQ4D, which has developed an autonomous robotic construction system.