US equity markets scaled fresh record highs to close a strong week as hopes of further economic stimulus overshadowed a soft December jobs report - Dow added +57-points or +0.18% to 31,097.97, having fallen over >200-points earlier in the session. Coca-Cola Co (up +2.24%) was the leading Dow performer. The broader S&P500 rose +0.55% to 3,824.68, with Consumer Discretionary (up +1.80%) and Real Estate (+1.09%) leading seven of the eleven primary sectors higher. Materials (down (-0.51%),
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Industrials (-0.22%) and Financials (-0.19%) - which outperformed their peers and scaled record levels earlier last week – slipped on Friday (8 January). Tesla Inc was the leading S&P500 performer, jumping +7.84% to yet another record closing high (US$880.02). The latest rally came on the back of heavy turnover, with Tesla trading US$62B worth of stock – more than the next ten most active stocks combined. Chinese electric vehicle maker NIO Inc rallied +8.5% ahead of unveiling its new all-electric sedan on Saturday (9 January) at its fourth annual NIO Day. In addition to the car, NIO also unveiled a higher-capacity battery and new swapping stations with more daily capacity. Both the Dow and S&P 500 posted four-day winning streaks. The Nasdaq gained +1.03% to 13,201.98. Apple Inc The small capitalisation Russell 2000 index slipped -0.16%.