US equity markets advanced, with both the S&P500 and Nasdaq arresting a four session slide - Dow up +140-points or +0.52% (to 27,288.18), recovering from an intra-session low of 26,989.93 snapping a three session losing streak. The broader S&P500 gained +1.05% . NASDAQ +1.71%. Amazon.com Inc rose +5.7%, buoyed by an upgraded to ‘outperform’ from ‘market perform’ by analysts at Bernstein. Facebook Inc (up +2.66%) and Microsoft Corp (+2.41%) both gained more than >2%. Lululemon Athletica Inc rose +1.4% in after hours trading (after a +6.10% gain in the regular session) after the athletic apparel retailer after announcing the company will restart its stock repurchase program, which was halted due to COVID-19. Tesla Inc fell -5.6% but rebounded +3.90% in the extended session as the electric vehicle maker’s annual meeting of stockholders and Battery Day presentation got underway. Chief Executive Officer (CEO) Elon Musk sought to manage expectations ahead of the electric carmaker’s Battery Day presentation, cautioning about hurdles to reaching mass production and noting any new battery technology announced “will not reach serious high-volume production until 2022.”
