US stocks climb in first trading session of 2021

• U.S. stocks surged higher in the first trading session of 2021 on Monday, as investors returned from the New Years holiday.
• Bitcoin experienced a volatile trading session on Monday after falling 17% following a surge to highs just below $ 35,000.
• Watch the main index update live here.

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U.S. stocks rose in the first trading session of 2021 on Monday, as investors returned from the New Years holiday.

Bitcoin surged and then fell during a volatile trading session. The popular cryptocurrency hit record highs just below $ 35,000 on Sunday before dropping as much as 17% on Monday, to levels not seen since last week. Bitcoin’s drop was its biggest since March.

Here’s where the U.S. indices were shortly after opening 9:30 a.m. (ET) Monday:

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Tesla jumped 3% after saying it delivered nearly 500,000 electric vehicles in 2020, beating Wall Street expectations and only exceeding a few hundred vehicles from its delivery target.

Nio followed in Tesla’s footsteps after announcing record delivery figures in December and the fourth quarter. The stock jumped up to 5% in Monday’s trades.

Herbalife fell on Monday after billionaire investor Carl Icahn sold $ 600 million in the company’s stock and relinquished board seats.

Oil prices were mixed. West Texas Intermediate crude fell 0.33% to $ 48.36 a barrel. Brent, the international benchmark for oil, rose 0.14% to $ 51.87 per barrel.

Gold jumped 2.69% to $ 1,946.10 an ounce.

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