S&P futures near record high in bright start to year – Reuters

S&P futures near record high in bright start to year – Reuters

Jan 3 (Reuters) - Futures tracking the S&P 500 neared record levels on Monday as Wall Street looked to extend a recovery from the pandemic shock into the new year, while shares in heavyweight Tesla jumped after the electric carmaker posted bumper delivery numbers.

Tesla's shares (TSLA.O) rose 6.9% in premarket trading after the company's quarterly deliveries exceeded Wall Street estimates, riding out global chip shortages as it ramped up China production. read more

The company's record deliveries also boosted other companies in the electric vehicle sector including Lucid Group (LCID.O) and Rivian Automotive (RIVN.O), which added 1.5% and 2.0% respectively. Chinese EV makers Nio (NIO.N) and Xpeng added more than 2% each following a jump in their deliveries.