5 things you should keep an eye on in today stock market

While the country is looking forward to hearing some good news about the stimulus package and the release of a COVID-19 vaccine, the market remains bullish and unstable. Most investors wait for tech IPOs and, despite the slow start of the week; we can expect that things will be well.

The following are 5 things you should watch for today.

Big tech rules Nasdaq

Nasdaq, the Dow, and the S&P 500 all closed with realizing significant gains for the first time in a while. While the Dow broke 30,000 once again, at 30,173 up 0.35% at closing, the S&P and Nasdaq both reached record highs.

The S&P was up 0.28%, at 3,702, and Nasdaq closed at 12,582, up 0.50%, mostly because of big names as Apple (NASDAQ: AAPL), with news of high-end AirPods Max, Moderna (NASDAQ: MRNA) and Amazon (NASDAQ: AMZN), even though the latter began to decline after few hours of trading.

We love our pets — and the market proves it

Chewy (NYSE: CHWY) stock may be an investor’s best friend of late since it was closed at about 6% on the last Tuesday. With realizing better than expected results for Q3 profits, the PetSmart subsidiary saw 45% revenue gains this quarter. The Company CEO Sumit Singh believes that the realized growth is due to the company’s value proposition, not necessarily the reason of more people shopping online because of the pandemic. Singh told CNBC in the show “Mad Money” that is hosted by Jim Cramer, “We believe the growth that we are delivering right now is not because of the pandemic.”

Investors betting on… water?

In case the pet food does not bring you the profits you are looking for, there may be a good chance of investing in water for the first time ever. The Chicago Mercantile Exchange gives futures contracts for up to 3.3 million gallons of water. As a result, on the first day of trading, two consumers bought futures for 650,000 gallons. The water futures are linked to the California water index and may help farmers hedge against the increases of price in an extremely instable market.

Get ready to make a Wish on this e-commerce stock in this Christmas

Although the Wish IPO is just joined the market, the news broke late yesterday that the e-commerce company have plans of going public with 46 million shares priced between $22 and $24. This might raise up to $1.1 billion, which can give the e-commerce firm a valuation of about $14.07 billion.

Recently, Wish joins a slew of IPOs set for December, including Roblox, DoorDash, and C3.ai.

Tesla keeps investors talking

Surprisingly, Tesla (NASDAQ: TESLA) announced in an SEC filing Tuesday that it plans to sell shares of $5billion total, because the company shorts continue to decline. As the market cap reaching $600 billion, experts like Dan Caplinger at The Motel Fool are wondering if the stock will split again in the first quarter of 2021. If so, experts think that this would be mainly to get entry into the Dow index.