The Social media platform Pinterest was founded in 2003 and it went public in April 2019. It began its first day of trading up 25% at $23.75. The platform allows users to “pin” posts to digital “boards” on topics of interest. Pinterest (NYSE: PINS) stock has a market capitalisation of US$52 billion and the company's price-to-book ratio stands at 23.7%. Recently, the stock climbed to fresh all-time highs after blowout Q4 financial results.
Both Tesla and Bitcoin (BTC) price has had a strong rally, making it one of the best-performing assets in 2020. Tesla joined the prestigious Standard & Poor's 500 stock index on December 21 after posting five consecutive quarters of profit. $TSLA surpassed Facebook in terms of market value, becoming the fifth most valuable company in the S&P 500.
Gulf Brokers, one of the worlds leading brokers and online trading platform providers, confirms the award achievement announced today by the Forex Expo in Dubai. According to the traders’ vote, Gulf Brokers was awarded the Best FX Broker Asia price as well as the Best IB Program award.
Wall Street and market participants witnessed a volatile 2020. Almost every stock rebounded from the March low and US indices climbed to record highs. During the first quarter of 2020, the stocks plunged due to the coronavirus pandemic. The strong recovery of US equities has been supported by optimism around potential COVID-19 vaccines and the Federal Reserve pumped liquidity into the market.
Stocks and oil prices cheered the confirmation of Joe Biden’s victory which means a more generous stimulus package to be deployed as soon as possible. The recent rally also supported by more upbeat news on the coronavirus vaccine. Meanwhile, Donald Trump rejected the outcome of the U.S. election, mounting legal action against vote-counting in states where he lost.
Few notable financial market movements after the US election outcome: