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Stock market is done "crashing"

No.1424379 View ViewReplyOriginalReport
The stock market is done "crashing" >>1423905.
The "stock market crash" ran for a full 1 trading day, and the 1% drop seen by indexes has now recovered.
This historically huge crash will surely make the history books for generations to come
https://www.investors.com/market-trend/stock-market-today/dow-jones-sp500-nasdaq-market-sell-off-tesla-stock-tsla-musk/
Stock Market Today: Dow Bounces After Market Sell-Off; Tesla Rallies On Musk Pay Package (Live Coverage)

The Dow Jones Industrial Average and other major stock indexes rebounded in morning action Monday following Friday's stock market sell-off. Among the gainers were Palantir Technologies (PLTR) and Tesla (TSLA), the latter of which rallied on the stock market today after the company approved a new pay package for Chief Executive Elon Musk.

After the opening bell, the Dow rose 0.6%, while the S&P 500 gained 0.7%. The tech-heavy Nasdaq composite moved up 0.9% in morning trade.

The 10-year Treasury yield ticked lower to 4.2%. Oil prices fell with West Texas Intermediate futures selling around $65.70 a barrel.

Stock Market Today: Palantir, Figma, Shopify, Spotify
Just after the stock market open, Palantir Technologies, Figma (FIG), Shopify (SHOP) and Spotify (SPOT) were among the big movers.


Tesla Stock Rallies On Musk Pay Package
The electric-vehicle giant approved a new pay package for CEO Elon Musk, awarding him 96 million shares. As of Friday's close, those shares were worth about $29 billion. The shares only vest if Musk stays CEO through 2027, and they have a five-year holding period.

The pay package comes in place of the 2018 incentive deal for Musk that was blocked by a Delaware court. It will act as interim compensation should that 2018 deal be reinstated, Wedbush analyst Dan Ives said in a note to clients.

"We believe this grant will now keep Musk as CEO of Tesla at least until 2030 and removes an overhang on the stock," Ives said.