Great news! In November, the three most important stock market indexes in the United States grew more than 10% and surpassed the levels they had before the March crisis, showing that the recovery is gaining strength. Also, yesterday the S&P 500 and Nasdaq 100 reached new historical highs, driven by the optimism of investors who have the bulls at the top. The hope that a vaccine against the coronavirus is launched is motivating the massive purchase of shares since BioNTech SE secured the emergency approval in Europe of its candidate and Pfizer climbed 3% while waiting for this news as well. And watch out as Moderna also asked for emergency approval in Europe so keep an eye on these shares. But the one who is not so optimistic is Jerome Powell, FED chair, who stated before the Senate that it will be necessary to inject much more money as economic stimuli so that the recovery is effectively sustainable during the next few months. Also, several legislators notified a bill that seeks $908 billion in aid for small businesses, the unemployed, airlines, and other industries most affected by the pandemic, to break the holdup of agreements between Republicans and Democrats. Today, House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin will meet to begin negotiations 💪.

Tesla also got an impressive 3 % boost after the S&P 500 announced that it would add one of the largest Wall Street companies on December 21st to its index without splitting this inclusion in two as originally planned, but rather including it entirely at once 🤝.

Besides, Elon Musk expressed that he is open to talking to his competitors in case they are interested in joining his company, considering that it has become one of the fastest-growing companies this year despite the pandemic. We’ll see if they come up with creditors for the alliance that would further promote the electric car manufacturer’s mega-cap. Other must-knows:

• The results of Salesforce were excellent and surpassed the economists’ estimates, so it announced that it would close the purchase of Slack for $27.7 billion. It is expected that this agreement will be essential for the definition of a new era of teleworking thanks to what is now known and living as “new normality”.
• Zoom plunged more than 15 % after announcing that its profits for 2021 would not be equal to this year due to recovery and a vaccine that could return people to face-to-face work and decrease its supply. But, given its rapid growth, it has also shown that on-site activities are not always necessary and this could encourage new ways of working remotely that would be very beneficial to the company.
• Airbnb is targeting a valuation of $35 billion in its IPO. It expects to sell nearly 52 million shares at $44-50 each, so let’s get our strategy ready.