The S&P 500 and Nasdaq each rose about 0.5%, with the Nasdaq closing at a new all-time high. The Dow was up more than 3% this week, while the S&P 500 and Nasdaq each gained more than 4%. The S&P 500 and Dow are still in the red for 2020, though -- down 3% and 9% respectively. Lowenstein said the key to further market gains will be whether or not the economy continues to gain momentum. Tesla is worth over $225 billion, more than blue chip companiesandas well as many other stocks in the Dow and S&P 500.

Source: CNN July 02, 2020 13:18 UTC