On Friday, Dec. 18, 2020, shares of electric-car maker Tesla (NASDAQ:TSLA) rose almost 6% to close at a record $695. More than 200 million shares changed hands that session (more than $131 billion of stock), making it one of the busiest trading days in the company's history.
The buying wasn't optional for everyone. S&P Dow Jones Indices had scheduled Tesla to join the S&P 500 (SNPINDEX:^GSPC) at its full weight before the market opened the following Monday. And the addition was based on that Friday's closing prices. In other words, every fund tracking the index effectively paid $695.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Nearly six years later, that $10,000 would have become about $15,700. The same money in an S&P 500 index fund would have grown to about $20,500 before dividends.
Image source: The Motley Fool.
#flashing #fund #same #Friday
The buying wasn't optional for everyone. S&P Dow Jones Indices had scheduled Tesla to join the S&P 500 (SNPINDEX:^GSPC) at its full weight before the market opened the following Monday. And the addition was based on that Friday's closing prices. In other words, every fund tracking the index effectively paid $695.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Nearly six years later, that $10,000 would have become about $15,700. The same money in an S&P 500 index fund would have grown to about $20,500 before dividends.
Image source: The Motley Fool.
#flashing #fund #same #Friday
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