In other news, Tesla missed its earnings and revenue targets for the last quarter of the year, causing shares to fall by up to 4%. Jon Stewart is set to return to host "The Daily Show" in a limited capacity. Older Americans owning 80% of US stocks could potentially trigger a market downturn if the economy dips. Finally, remote workers are facing threats of "disciplinary action" from companies like Bank of America for not coming into the office.
Key takeaways:
- Microsoft briefly reached a $3 trillion market cap, becoming the second company ever to do so, after Apple.
- Tesla missed its earnings and revenue targets for the last quarter of the year, causing shares to fall as much as 4% after the closing bell.
- Jon Stewart is returning to host "The Daily Show" in a limited capacity, taking over the Monday night broadcasts.
- Older Americans own 80% of US stocks, which could potentially spur a market selloff if the economy takes a dip.