US Stocks were higher again yesterday notching their 14th all-time-high in 2021 as shares of Big Tech companies and economic reopening plays like airlines led the major averages higher as the coronavirus vaccine rollout continues.
U.S. airline executives are pointing to concrete signs of domestic leisure travel recovering as a slowing pandemic drives spring and summer bookings, pushing airline stocks to their highest level since the coronavirus crisis hit the sector a year ago. United Airlines expects to halt their cash burn by the end of March, the first major carrier to say it could hit the industry’s milestone. The Dow Jones Airline Index rose 5% on the news.
Tesla has added “Technoking of Tesla” to billionaire Chief Executive Officer Elon Musk’s list of official titles, in a regulatory filing that also named the companies CFO Zachary Kirkhorn “Master of Coin.”The electric-car maker did not explain the reasons for the cryptic new titles. Musk also shared a new electronic music track about a non-fungible token, or NFT - a new type of digital asset that is authenticated by blockchain.